Toromont Industries Ltd. (TSE:TIH) Insider Sells C$227,000.00 in Stock

Toromont Industries Ltd. (TSE:TIH) insider David Wetherald sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$56.75, for a total transaction of C$227,000.00.

David Wetherald also recently made the following trade(s):

  • On Tuesday, September 12th, David Wetherald sold 5,400 shares of Toromont Industries stock. The stock was sold at an average price of C$54.00, for a total transaction of C$291,600.00.
  • On Wednesday, August 30th, David Wetherald sold 300 shares of Toromont Industries stock. The shares were sold at an average price of C$55.05, for a total transaction of C$16,515.00.

Shares of Toromont Industries Ltd. (TIH) opened at C$55.04 on Friday. Toromont Industries Ltd. has a 12-month low of C$41.10 and a 12-month high of C$58.44.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. Toromont Industries’s dividend payout ratio (DPR) is currently 36.59%.

A number of research firms recently issued reports on TIH. National Bank Financial raised their target price on shares of Toromont Industries from C$60.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. TD Securities upgraded shares of Toromont Industries from a “hold” rating to a “buy” rating and raised their target price for the company from C$48.00 to C$65.00 in a research note on Wednesday, September 20th. BMO Capital Markets reiterated a “market perform” rating and issued a C$58.00 target price on shares of Toromont Industries in a research note on Monday, October 16th. Raymond James Financial raised their target price on shares of Toromont Industries from C$55.00 to C$58.50 and gave the company an “outperform” rating in a research note on Tuesday, August 29th. Finally, Scotiabank raised their target price on shares of Toromont Industries from C$47.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$57.63.

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About Toromont Industries

Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.

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

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