Toromont Industries Ltd (TSE:TIH) Director Randall Casson sold 17,700 shares of Toromont Industries stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$60.75, for a total transaction of C$1,075,275.00. Following the transaction, the director now directly owns 120,000 shares in the company, valued at C$7,290,000.

Randall Casson also recently made the following trade(s):

  • On Tuesday, March 19th, Randall Casson sold 300 shares of Toromont Industries stock. The shares were sold at an average price of C$67.40, for a total transaction of C$20,220.00.
  • On Friday, March 1st, Randall Casson sold 800 shares of Toromont Industries stock. The shares were sold at an average price of C$69.74, for a total transaction of C$55,792.00.

TIH opened at C$59.87 on Thursday. The company has a market cap of $4.90 billion and a PE ratio of 18.89. Toromont Industries Ltd has a 52-week low of C$51.02 and a 52-week high of C$70.62. The company has a debt-to-equity ratio of 50.75, a quick ratio of 0.63 and a current ratio of 1.62.

Toromont Industries (TSE:TIH) last posted its quarterly earnings data on Thursday, February 14th. The company reported C$1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.88 by C$0.16. The firm had revenue of C$966.00 million for the quarter, compared to analysts’ expectations of C$896.80 million. Equities research analysts predict that Toromont Industries Ltd will post 3.92999992057291 EPS for the current fiscal year.

A number of research analysts have weighed in on TIH shares. CIBC lifted their price target on shares of Toromont Industries from C$64.00 to C$70.00 and gave the company a “hold” rating in a research report on Tuesday, February 19th. Raymond James lifted their price objective on shares of Toromont Industries from C$70.00 to C$71.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. BMO Capital Markets lifted their price objective on shares of Toromont Industries from C$66.00 to C$72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Royal Bank of Canada lifted their price objective on shares of Toromont Industries from C$62.00 to C$66.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 19th. Finally, TD Securities lifted their price objective on shares of Toromont Industries from C$70.00 to C$72.00 in a research note on Tuesday, February 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$69.38.

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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 is involved 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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Insider Buying and Selling by Quarter for Toromont Industries (TSE:TIH)

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