Toromont Industries (TIH) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Toromont Industries (TSE: TIH) in the last few weeks:

• 4/30/2026 – Toromont Industries had its price target raised by National Bank Financial from C$214.00 to C$216.00. They now have an “outperform” rating on the stock.
• 4/30/2026 – Toromont Industries had its price target raised by Raymond James Financial, Inc. from C$180.00 to C$190.00. They now have a “market perform” rating on the stock.
• 4/30/2026 – Toromont Industries had its price target raised by Royal Bank Of Canada from C$207.00 to C$234.00. They now have an “outperform” rating on the stock.
• 4/30/2026 – Toromont Industries had its price target raised by Scotia from C$208.00 to C$229.00. They now have a “sector perform” rating on the stock.
• 4/29/2026 – Toromont Industries had its price target raised by BMO Capital Markets from C$215.00 to C$228.00.
• 4/27/2026 – Toromont Industries was upgraded by Canaccord Genuity Group Inc. from “hold” to “buy”. They now have a C$235.00 price target on the stock, up from C$200.00.
• 4/8/2026 – Toromont Industries had its price target raised by National Bank Financial from C$208.00 to C$214.00. They now have an “outperform” rating on the stock.
• 4/7/2026 – Toromont Industries had its price target raised by BMO Capital Markets from C$210.00 to C$215.00.

Toromont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Toromont Industries’s previous quarterly dividend of $0.52. Toromont Industries’s payout ratio is 33.70%.

Insider Buying and Selling at Toromont Industries

In other Toromont Industries news, Director David Allan Malinauskas sold 972 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of C$201.60, for a total value of C$195,955.20. 0.27% of the stock is currently owned by insiders.

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.