Toromont Industries (TSE:TIH) Price Target Raised to C$150.00

Toromont Industries (TSE:TIH) had its price target raised by Raymond James Financial from C$125.00 to C$150.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James Financial also issued estimates for Toromont Industries’ Q4 2025 earnings at $1.97 EPS, FY2025 earnings at $6.12 EPS and FY2026 earnings at $6.70 EPS.

TIH has been the topic of a number of other research reports. National Bankshares lifted their target price on Toromont Industries from C$164.00 to C$176.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank boosted their price objective on Toromont Industries from C$140.00 to C$171.00 in a report on Friday, October 17th. TD Securities boosted their price target on Toromont Industries from C$154.00 to C$179.00 in a research note on Friday, October 17th. Canaccord Genuity Group boosted their price target on Toromont Industries from C$160.00 to C$172.00 and gave the company a “buy” rating in a research note on Monday. Finally, CIBC upped their target price on Toromont Industries from C$148.00 to C$168.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Toromont Industries presently has an average rating of “Moderate Buy” and a consensus target price of C$172.88.

Toromont Industries Stock Performance

Shares of Toromont Industries stock opened at C$164.99 on Monday. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The stock’s 50-day moving average is C$154.11 and its 200-day moving average is C$135.55. The firm has a market cap of C$13.43 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 3.72 and a beta of 0.58. Toromont Industries has a one year low of C$107.32 and a one year high of C$168.56.

Toromont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, October 3rd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Toromont Industries’s dividend payout ratio is 33.72%.

Insiders Place Their Bets

In other news, insider Mike Cuddy sold 7,500 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$146.00, for a total transaction of C$1,095,000.00. Following the transaction, the insider owned 36,955 shares of the company’s stock, valued at C$5,395,430. This represents a 16.87% decrease in their position. Also, Director David Allan Malinauskas sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$146.10, for a total transaction of C$876,600.00. Corporate insiders own 0.27% of the company’s stock.

About Toromont Industries

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.