Jennifer Cochrane Sells 5,000 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIH - Get Free Report) Senior Officer Jennifer Cochrane sold 5,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$115.00, for a total transaction of C$575,000.00.

Jennifer Cochrane also recently made the following trade(s):

• On Friday, February 28th, Jennifer Cochrane sold 5,000 shares of Toromont Industries stock. The stock was sold at an average price of C$121.25, for a total transaction of C$606,250.00.

Toromont Industries Trading Down 1.0 %

TIH stock traded down C$1.16 on Friday, reaching C$114.84. The company's stock had a trading volume of 374,204 shares, compared to its average volume of 156,038. Toromont Industries Ltd. has a 12-month low of C$109.83 and a 12-month high of C$135.53. The firm has a market cap of C$9.37 billion, a PE ratio of 18.65, a PEG ratio of 3.72 and a beta of 0.68. The business has a fifty day simple moving average of C$118.32 and a two-hundred day simple moving average of C$120.07. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37.

Toromont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, April 4th will be given a $0.52 dividend. This is a positive change from Toromont Industries's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.81%. Toromont Industries's payout ratio is 31.18%.

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on TIH shares. National Bankshares boosted their target price on shares of Toromont Industries from C$126.00 to C$133.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. BMO Capital Markets raised their target price on shares of Toromont Industries from C$134.00 to C$138.00 in a report on Wednesday, February 12th. Raymond James upped their price objective on Toromont Industries from C$122.00 to C$130.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on shares of Toromont Industries from C$138.00 to C$139.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Scotiabank raised their price objective on shares of Toromont Industries from C$132.00 to C$133.50 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Toromont Industries has an average rating of "Moderate Buy" and a consensus price target of C$136.06.

About Toromont Industries

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.