Toromont Industries | StockChase
42
Toromont Industries (TIH-T)

Last Price Recorded: $56.5600 on 2017-11-20

ON STOCKCHASE SINCE Dec 2000

Caterpillar dealer, Ont. Nflnd,Labrador

machinery

Toromont Industries


Signal Opinion Expert

2017-10-04

TOP PICK
Toromont Industries (TIH-T)

This started as a refrigeration company, and now provide all the compression equipment in hockey rinks in North America. The Caterpillar dealership came along in Manitoba and Ontario with a little bit in Québec, and they just made a small acquisition in Atlantic Canada. This is what they really needed to get organic growth going, because if they can cut their costs, then they have higher margins moving forward. Recommends half positions for the Top Picks, which is what he does for new clients. Dividend yield of 1.3%. (Analysts’ price target is $58.25.)

machinery
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $57.850
Owned: Yes

2016-11-14

BUY
Toromont Industries (TIH-T)

(Market Call Minute.) Has owned this for a long time. A big infrastructure play that is in much better shape than some of the other construction companies.

machinery
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $39.830
Owned: Yes

2016-10-21

DON'T BUY
Toromont Industries (TIH-T)

This has been on a tear. An equipment maker that has done really well because it is focused on Manitoba and Ontario, very good places to be. He sees 8% earnings growth over the next couple of years. They have virtually no debt. It benefits from a soft Cdn$. They do a really good job of managing their costs. Everything is right for the stock, except its valuation which is trading at around 20X versus its 15.5X five-year average.

machinery
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $40.450
Owned: Unknown

2016-10-20

COMMENT
Toromont Industries (TIH-T)

Doesn’t know a lot about this one, but they are in a universe he follows. Their cash ROE is 28%. He is looking for companies that have in excess of 20%, and have been able to do it 3 years running, so this meets his criteria. Their cash over PE ratio is about 2.5, a little richer than what he likes. He likes this.

machinery
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $40.320
Owned: No

2016-09-15

COMMENT
Toromont Industries (TIH-T)

It is a well run company.  They are the local CAT dealer.  He is short CAT-N, but would not want to be short TIH-T.  It is one of the strong points in the CAT sales network.

machinery
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $38.460
Owned: Unknown

2015-03-10

COMMENT
Toromont Industries (TIH-T)

Heavy equipment. The stock has done quite well. He is a little bit cautious on heavy equipment in general. He is focusing more on consumer, healthcare and technology.

machinery
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $30.750
Owned: Unknown

2014-12-09

TOP PICK
Toromont Industries (TIH-T)

*Short.* The only Caterpillar dealer in Ontario as well as having a small business in arenas. Have benefited for years from an increasing mining sector, and in Ontario it is primarily gold related, and gold miners are not doing that well. Also trading at a pretty hefty premium to the competition. A strengthening US$ means that new equipment coming into the market is going to get re-priced at an expensive US$, and then a lot of used equipment will start competing. Yield of 2.17%.

machinery
Patrick Horan

Portfolio Manager, Agilith Capital Inc

Price: $27.850
Owned: Yes

2012-10-01

COMMENT
Toromont Industries (TIH-T)

Spun off Enerflex, which to him was a bit of a head scratcher. Bought it in 2010 and sold it in 2011. Really know accretive value. He would be mixed on this name. Last quarter their Q2 was up 15% which is good and did have a sequential good increase in bookings and a very solid backlog but margins were weaker than expected, which he doesn’t really think is a problem. Margin pressures will abate over the coming quarters. Would prefer Wajax (WJX-T).

machinery
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $20.720
Owned: Unknown

2011-08-18

COMMENT
Toromont Industries (TIH-T)
Finning (FTT-T) or Toromont (TIH-T) for long-term growth and dividends? This area is a little tough right now. Industrial equipment has been pretty beaten up in the last few weeks. He would prefer Finning, which has the oil Sands in Alberta as well as South America where they have a ton of mining. Toromont more focused on Ontario so there is some mining they can focus on but it is more construction, etc.
machinery
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $16.750
Owned: Unknown

2011-06-16

COMMENT
Toromont Industries (TIH-T)
Spun out Enerflex (EFX-T) (manufactures gas compression equipment) and the share price dropped. Preferred it better before the spin out.
machinery
David Baskin

President, Baskin Wealth Management

Price: $18.820
Owned: No

2010-12-22

COMMENT
Toromont Industries (TIH-T)
Toromont (TIH-T) or Finning (FTT-T)? Both companies are heavy equipment. Finning gives more international exposure including Argentina and Chile, which are heavy in mining and heavy users of Caterpillar equipment so he prefers Finning.
machinery
David Baskin

President, Baskin Wealth Management

Price: $31.290
Owned: No

2010-12-21

HOLD
Toromont Industries (TIH-T)
Looked at it and the breakup of the company and splitting off the air compression business didn’t look good – he liked the compression business. Has a growing dividend. If you own it, hold and see what happens after the split off.
machinery
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $31.110
Owned: No

2010-11-24

PAST TOP PICK
Toromont Industries (TIH-T)
(A Top Pick Nov 5/09. Up 20%.) Stock started to break down and he sold.
machinery
Ron Meisels

President, P & C Holdings

Price: $29.970
Owned: Unknown

2010-07-05

PAST TOP PICK
Toromont Industries (TIH-T)
(A Top Pick Oct 22/09. Down 6%.) Good long-term hold. Great management. Challenged in the short term by a slowdown in the oil/gas industry.
machinery
Martin Hubbes, CFA

Executive Vice-President/Chief Investment Officer, AGF Funds Inc.

Price: $23.000
Owned: Yes

2010-06-24

TOP PICK
Toromont Industries (TIH-T)
Compression of natural gas and Caterpillar (CAT-N) dealerships in Ontario/Quebec. Acquired Enerflex giving them exposure to Asia. Because of the acquisition, dividend is staying at 2.5%. An investment for the next 5-10 years.
machinery
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $23.470
Owned: Yes

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