Toromont Industries Ltd. (TSE:TIH - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$112.21 and last traded at C$112.33, with a volume of 39522 shares changing hands. The stock had previously closed at C$112.44.
Wall Street Analyst Weigh In
TIH has been the topic of several research analyst reports. National Bank Financial lowered Toromont Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Scotiabank lowered their target price on Toromont Industries from C$136.00 to C$132.00 in a report on Wednesday, November 6th. Royal Bank of Canada dropped their price target on Toromont Industries from C$142.00 to C$138.00 in a research report on Wednesday, November 6th. Raymond James decreased their price objective on shares of Toromont Industries from C$132.00 to C$122.00 in a research report on Wednesday, November 6th. Finally, National Bankshares dropped their target price on shares of Toromont Industries from C$135.00 to C$132.00 in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$135.00.
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Toromont Industries Price Performance
The stock has a fifty day moving average of C$123.25 and a two-hundred day moving average of C$122.90. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 24.08. The stock has a market cap of C$9.17 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.72 and a beta of 0.68.
Toromont Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, January 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, December 6th. Toromont Industries's dividend payout ratio is currently 30.62%.
Insiders Place Their Bets
In other Toromont Industries news, Senior Officer Miles Sean Ryan Gregg sold 600 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$125.19, for a total value of C$75,114.00. 0.27% of the stock is owned by insiders.
Toromont Industries Company Profile
(
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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.
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