David Allan Malinauskas Sells 200 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIH) Director David Allan Malinauskas sold 200 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$118.80, for a total value of C$23,760.00.

David Allan Malinauskas also recently made the following trade(s):

• On Wednesday, May 14th, David Allan Malinauskas sold 250 shares of Toromont Industries stock. The shares were sold at an average price of C$118.71, for a total transaction of C$29,677.50.

Toromont Industries Stock Down 1.1%

TSE:TIH traded down C$1.25 during midday trading on Tuesday, hitting C$116.20. 71,955 shares of the company were exchanged, compared to its average volume of 151,910. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04. Toromont Industries Ltd. has a fifty-two week low of C$107.32 and a fifty-two week high of C$134.88. The company has a market capitalization of C$9.48 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a fifty day simple moving average of C$113.97 and a 200 day simple moving average of C$115.84.

Toromont Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, March 7th. This is an increase from Toromont Industries’s previous quarterly dividend of $0.48. Toromont Industries’s dividend payout ratio (DPR) is currently 31.18%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James reduced their price target on shares of Toromont Industries from C$130.00 to C$122.00 and set a “market perform” rating on the stock in a research report on Friday, May 2nd. National Bankshares upped their price target on Toromont Industries from C$126.00 to C$133.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. TD Securities lowered their price target on Toromont Industries from C$143.00 to C$136.00 and set a “buy” rating for the company in a report on Monday, May 5th. BMO Capital Markets reduced their price objective on shares of Toromont Industries from C$130.00 to C$128.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Scotiabank dropped their target price on Toromont Industries from C$133.50 to C$128.00 and set a “sector perform” rating for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$129.63.

Toromont Industries Company Profile

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.