<div id="readability-page-1"><p>Toromont Industries Ltd. (TSE:TIH - Get Free Report) Director William John Harvey sold 200 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$116.27, for a total transaction of C$23,254.00. Following the completion of the sale, the director now owns 979 shares in the company, valued at approximately C$113,828.33. The trade was a 16.96 % decrease in their position.</p><div><p><span></span><span>Get <strong>Toromont Industries</strong> alerts:</span></p></div><h2>Toromont Industries Price Performance</h2><p>TSE:TIH opened at C$114.22 on Wednesday. The firm has a market cap of C$9.32 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company's 50-day moving average price is C$118.04 and its two-hundred day moving average price is C$120.48. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. Toromont Industries Ltd. has a 12 month low of C$109.83 and a 12 month high of C$135.53. </p><h2>Toromont Industries Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, April 4th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.82%. This is a positive change from Toromont Industries's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 7th. Toromont Industries's dividend payout ratio  is presently 31.18%. </p><h2>Wall Street Analysts Forecast Growth</h2><p>TIH has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of Toromont Industries from C$134.00 to C$138.00 in a report on Wednesday, February 12th. Raymond James increased their target price on shares of Toromont Industries from C$122.00 to C$130.00 and gave the company a &#34;market perform&#34; rating in a research note on Thursday, February 13th. CIBC lifted their target price on Toromont Industries from C$129.00 to C$131.00 and gave the stock a &#34;neutral&#34; rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on Toromont Industries from C$138.00 to C$139.00 and gave the company an &#34;outperform&#34; rating in a report on Thursday, February 13th. Finally, National Bankshares lifted their price objective on Toromont Industries from C$126.00 to C$133.00 and gave the stock an &#34;outperform&#34; rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one  has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of C$136.06.</p><p><b>Check Out Our Latest Report on Toromont Industries</b></p><h2>About Toromont Industries</h2> (Get Free Report)<p>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 engages 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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Toromont Industries</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>NVIDIA Stock Remains Stunningly Undervalued—Here’s Why</li><li>How to invest in marijuana stocks in 7 steps </li><li>Oracle Stock: 5 Reasons This AI Powerhouse Is a Long-Term Buy</li><li>Insider Selling Explained: Can it Inform Your Investing Choices?</li><li>U.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the Wave</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9VElI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9VElI"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Toromont Industries Right Now?</h2><p>Before you consider Toromont Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toromont Industries wasn't on the list.</p><p>While Toromont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Toromont Industries Ltd. (TSE:TIH) Director William John Harvey sold 200 shares at C$116.27, totaling C$23,254. Following the sale, he owns 979 shares valued at C$113,828.33, marking a 16.96% decrease in his position. The company announced a quarterly dividend of $0.52 per share, up from $0.48, with an ex-dividend date of March 7. Analysts have raised price targets for the stock, with an average target of C$136.06 and a rating of "Moderate Buy."</p>

Toromont Industries Ltd. (TSE:TIH) Director William John Harvey Sells 200 Shares