Toromont Industries (TIH) Stock Price, News & Analysis

Company Overview

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. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.

Key Stats

• Today's Range: C$112.44 to C$114.74
• 50-Day Range: C$111.19 to C$134.67
• 52-Week Range: C$109.83 to C$135.53
• Volume: 274,885 shs
• Average Volume: 119,954 shs
• Market Capitalization: C$9.34 billion
• P/E Ratio: 18.19
• Dividend Yield: 1.68%
• Price Target: C$135.00
• Consensus Rating: Moderate Buy

Toromont Industries Stock Analysis - MarketRank™

Toromont Industries scored higher than 53% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Toromont Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Toromont Industries has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Toromont Industries is 18.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Toromont Industries is 18.19, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 370.76.

Price to Earnings Growth Ratio

Toromont Industries has a PEG Ratio of 3.72. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Toromont Industries has a P/B Ratio of 3.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TIH.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Toromont Industries pays a meaningful dividend of 1.48%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Toromont Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Toromont Industries is 30.62%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TIH.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.11

News Sentiment

Toromont Industries has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Toromont Industries this week, compared to 1 article on an average week.

MarketBeat Follows

3 people have added Toromont Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Toromont Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$501,525.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.27% of the stock of Toromont Industries is held by insiders.

Percentage Held by Institutions

51.44% of the stock of Toromont Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TIH Stock Analysis - Frequently Asked Questions

How have TIH shares performed this year?

Toromont Industries' stock was trading at C$116.10 at the beginning of 2024. Since then, TIH stock has decreased by 1.8% and is now trading at C$114.06.
View the best growth stocks for 2024 here.

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings results on Tuesday, July, 25th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.04. The firm earned $530.93 million during the quarter, compared to the consensus estimate of $550.60 million. Toromont Industries had a trailing twelve-month return on equity of 19.65% and a net margin of 10.86%.

How do I buy shares of Toromont Industries?

Shares of TIH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Toromont Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Toromont Industries investors own include Barrick Gold (ABX), TELUS (T), Toronto-Dominion Bank (TD), Whitecap Resources (WCP), NVIDIA (NVDA), Algonquin Power & Utilities (AQN) and BCE (BCE).

Company Calendar

• Last Earnings: 7/25/2017
• Ex-Dividend for 10/2 Dividend: 9/06/2024
• Dividend Payable: 10/02/2024
• Ex-Dividend for 1/6 Dividend: 12/06/2024
• Today: 12/22/2024
• Dividend Payable: 1/06/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Industrial Distribution
• Sub-Industry: N/A
• Current Symbol: TSE:TIH
• CUSIP: N/A
• CIK: N/A
• Web: www.toromont.com
• Phone: +1-416-6675511
• Fax: N/A
• Employees: 7,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$135.00
• High Stock Price Target: C$150.00
• Low Stock Price Target: C$122.00
• Potential Upside/Downside: +18.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$6.27
• Trailing P/E Ratio: 18.19
• Forward P/E Ratio: 17.31
• P/E Growth: 3.72
• Net Income: C$518.94 million
• Net Margins: 10.86%
• Pretax Margin: N/A
• Return on Equity: 19.65%
• Return on Assets: 9.56%

Debt

• Debt-to-Equity Ratio: 24.08
• Current Ratio: 2.64
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: C$4.78 billion
• Price / Sales: 1.95
• Cash Flow: C$10.70 per share
• Price / Cash Flow: 10.66
• Book Value: C$34.33 per share
• Price / Book: 3.32

Miscellaneous

• Outstanding Shares: 81,910,000
• Free Float: N/A
• Market Cap: C$9.34 billion
• Optionable: Not Optionable
• Beta: 0.68