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Toromont Industries (TIH-T) is highly regarded for its strong ties to the commercial construction sector and effective management, with experts praising its ability to navigate uncertainties. The company's historical performance shows steady growth, with dividends increasing by around 12% annually over the last five years. Additionally, analysts note a significant accumulation of cash reserves that could lead to potential acquisitions in the near future. While the firm's geographic dominance focuses on Eastern Canada, its consistent cash generation allows it to actively pursue share buybacks and enhance dividends, reflecting robust financial health with virtually no debt. However, some analysts point out current market softness and suggest careful positioning within a portfolio, indicating a cautious yet optimistic outlook for long-term ownership.
Great company. Looking at the 5- or 10-year chart, just chugs along from bottom left up to the right. If you own a partial position, definitely think about adding. Dividend's grown significantly over time by ~12% per year for 5 years. High quality, very well run.
Cash is building up on balance sheet, so he expects an acquisition over next 1-2 years. They have refrigeration technology, and solid penetration in Eastern Canada, so have to see what the next leg of the stool might be.
Will always depend on east of Manitoba, as that's where their businesses are. Makes money on both rental sales and maintenance, so $$ comes in at a regular pace. Recent acquisition in southwestern Ontario, but additional ones will be difficult because they dominate eastern Canada.
Likes that they generate so much FCF, they can just buy back shares, increase dividend, or go private. Virtually no debt, a few BBB bonds outstanding.
The structural backdrop includes a lot of spending on construction and on US manufacturing facilities. Much better supply/demand for energy and materials than we've had in a decade. These are all customers of FTT.
If you look at the performance of CAT, FTT and TIH over the last year, all look very attractive. TIH does more construction, whereas FTT does more materials and so he'd lean more toward that one.
Toromont Industries is a Canadian stock, trading under the symbol TIH-T on the Toronto Stock Exchange (TIH-CT). It is usually referred to as TSX:TIH or TIH-T
In the last year, 7 stock analysts published opinions about TIH-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toromont Industries.
Toromont Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Toromont Industries.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
7 stock analysts on Stockchase covered Toromont Industries In the last year. It is a trending stock that is worth watching.
On 2025-04-02, Toromont Industries (TIH-T) stock closed at a price of $115.15.
Reasonably well-tied to commercial construction. Fantastic job dealing with uncertainties. Likes the business and management team. A bit too big for him, as it's about to exit "SmallCapLand". If you own, decent time to add.