Toromont Industries (TSE:TIH) Price Target Raised to C$207.00

Toromont Industries (TSE:TIH) had its target price hoisted by Royal Bank Of Canada from C$180.00 to C$207.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their price objective on shares of Toromont Industries from C$160.00 to C$172.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Canadian Imperial Bank of Commerce lifted their price target on Toromont Industries from C$172.00 to C$180.00 in a research note on Friday, February 6th. BMO Capital Markets upped their price objective on Toromont Industries from C$196.00 to C$210.00 in a research report on Thursday. TD Securities increased their price objective on Toromont Industries from C$180.00 to C$195.00 in a report on Wednesday, February 4th. Finally, Scotiabank boosted their target price on Toromont Industries from C$171.00 to C$175.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$190.38.

Toromont Industries Stock Up 3.9%

Shares of Toromont Industries stock opened at C$204.93 on Thursday. The company has a market capitalization of C$16.69 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 3.72 and a beta of 0.52. 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 business has a 50-day moving average of C$173.26 and a two-hundred day moving average of C$160.26. Toromont Industries has a 1 year low of C$107.32 and a 1 year high of C$205.04.

Toromont Industries (TSE:TIH) last posted its earnings results on Tuesday, February 10th. The company reported C$1.92 earnings per share (EPS) for the quarter. The business had revenue of C$1.42 billion during the quarter. Toromont Industries had a return on equity of 17.74% and a net margin of 10.09%. As a group, equities analysts predict that Toromont Industries will post 6.5892495 EPS for the current year.

Toromont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, January 5th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, December 5th. Toromont Industries’s dividend payout ratio is presently 33.72%.

Insider Activity at Toromont Industries

In other news, insider Jennifer Cochrane sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of C$165.00, for a total transaction of C$825,000.00. Following the completion of the sale, the insider owned 12,012 shares of the company’s stock, valued at approximately C$1,981,980. This represents a 29.39% decrease in their position. Insiders own 0.27% of the company’s stock.

Toromont Industries News Summary

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Q4 beat and dividend streak: Coverage highlights Toromont’s Q4 outperformance and its 37th consecutive dividend increase, reinforcing income and growth narratives that support a higher multiple. Article Title
• Positive Sentiment: BMO Capital raised its price target from C$196 to C$210, implying roughly a mid‑single‑digit upside vs recent levels — a bullish signal from a major Canadian bank on execution and margin outlook. Article Title
• Positive Sentiment: RBC raised its target from C$180 to C$207, now implying upside versus the recent price and reinforcing institutional confidence in Toromont’s model. Article Title
• Neutral Sentiment: Canaccord raised its target to C$200 (from C$172) but that level sits roughly in line/just below the recent trading level, signaling recognition of progress but a more conservative view on valuation upside. Article Title Article Title
• Negative Sentiment: Raymond James raised its target to C$180 from C$172, but that level implies roughly mid‑single‑digit downside versus recent trading, suggesting some analysts remain cautious on near‑term valuation despite the operational beat. Article Title
• Neutral Sentiment: For context, Toromont’s fundamentals show solid margins (net margin ~10%), ROE near 18%, trailing EPS of C$1.92 for the quarter and analyst consensus pointing to continued earnings growth — factors supporting a premium multiple but keeping valuations under scrutiny.
• Neutral Sentiment: Earnings call transcript is available for deeper read on management’s outlook and guidance; investors should review margins, backlog, and capital allocation commentary for signals on sustainability of growth. Article Title

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. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.