Toromont Industries Ltd. (TIH) To Go Ex-Dividend on September 5th

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, September 5th, RTT News reports. Shareholders of record on Friday, October 3rd will be given a dividend of 0.52 per share on Friday, October 3rd. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 5th.

Toromont Industries Price Performance

TIH opened at C$142.61 on Wednesday. Toromont Industries has a 12-month low of C$107.32 and a 12-month high of C$145.63. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04. The business’s fifty day simple moving average is C$134.88 and its 200-day simple moving average is C$122.93. The company has a market capitalization of C$11.58 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 3.72 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TIH shares. CIBC increased their price target on Toromont Industries from C$129.00 to C$148.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. BMO Capital Markets increased their price target on Toromont Industries from C$140.00 to C$147.00 in a research report on Wednesday, July 30th. Raymond James Financial increased their price target on Toromont Industries from C$122.00 to C$125.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. National Bankshares increased their price target on Toromont Industries from C$130.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, TD Securities increased their price target on Toromont Industries from C$153.00 to C$154.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$140.50.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.