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Are you looking to buy Toromont Industries stocks? Chech our BAMagazine with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy TSE:TIH! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about Toromont Industries stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
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 is involved 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. This segment serves building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets, as well as natural gas compression units, and hydrocarbon and petrochemical process systems. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.
Average volume
132,553 shs
MARKET CAP
C$7.38 billion
Stock exchange
TSE
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- Stephen Johnson
- November 12, 2021
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How to buy Toromont Industries stocks?
Below is a quick guide on how to buy TSE:TIH stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy Toromont Industries shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy Toromont Industries – Search for “”TSE:TIH”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought Toromont Industries stocks with 0% commission!.
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Is Toromont Industries Ltd. (TIH.TO) a buy right now?
6 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Toromont Industries Ltd. (TIH.TO) in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “buy” Toromont Industries Ltd. (TIH.TO) stock.
What stocks does BAMagazine like better than Toromont Industries Ltd. (TIH.TO)?
Wall Street analysts have given Toromont Industries Ltd. (TIH.TO) a “Buy” rating, but there may be better short-term opportunities in the market. Some of BAMagazine’s past winning trading ideas have resulted in 5-15% weekly gains. BAMagazine just released five new trading ideas, but Toromont Industries Ltd. (TIH.TO) wasn’t one of them. BAMagazine thinks five stocks may be even better buys in the how to buy stocks guide.
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How to buy Toromont Industries stocks step by step guide
It can be difficult to navigate through all the outdated and incorrect information related to purchasing TSE:TIH stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy Toromont Industries stocks with a step by step approach.
Step 1: Open an Account with a Broker
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy Toromont Industries stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Step 2: Verify your Account
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Step 3: Fund your eToro Account
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Step 4: Search for Toromont Industries stocks
Now that you’ve funded your eToro account, just type “TSE:TIH stocks” into the search bar at the top of the screen and press “trade”.
Step 5: Buy TSE:TIH
All that’s left is to buy some TSE:TIH stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
How And Where To Buy Stocks Conclusion
All in all, TSE:TIH is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy Toromont Industries stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
When is Toromont Industries Ltd. (TIH.TO)’s next earnings date?
Toromont Industries Ltd. (TIH.TO) is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for Toromont Industries Ltd. (TIH.TO).
How were Toromont Industries Ltd. (TIH.TO)’s earnings last quarter?
Toromont Industries Ltd. (TIH.TO) (TSE:TIH) released its quarterly earnings results on Tuesday, July, 25th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $530.93 million for the quarter, compared to analysts’ expectations of $550.60 million.
View Toromont Industries Ltd. (TIH.TO)’s earnings history.
How has Toromont Industries Ltd. (TIH.TO)’s stock price been impacted by Coronavirus (COVID-19)?
Toromont Industries Ltd. (TIH.TO)’s stock was trading at C$63.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TIH stock has increased by 41.8% and is now trading at C$89.96.
How often does Toromont Industries Ltd. (TIH.TO) pay dividends? What is the dividend yield for Toromont Industries Ltd. (TIH.TO)?
Toromont Industries Ltd. (TIH.TO) announced a quarterly dividend on Tuesday, December 8th. Shareholders of record on Tuesday, January 5th will be paid a dividend of 0.31 per share on Tuesday, January 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 8th.
View Toromont Industries Ltd. (TIH.TO)’s dividend history.
Where to Buy Toromont Industries Stocks Broker Reviews
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying TSE:TIH stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
- eToro takes pride in keeping their customers safe, they follow strict data protection rules to keep access to sensitive information to a minimum. Any of the information you provide eToro is even protected by SSL encryption, this ensures that even if someone were to gain access to the servers all your data remains safe.
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
Excellent for both new and experienced traders
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
Is Toromont Industries Ltd. (TIH.TO) a good dividend stock?
Toromont Industries Ltd. (TIH.TO) pays an annual dividend of C$1.20 per share and currently has a dividend yield of 1.39%. The dividend payout ratio of Toromont Industries Ltd. (TIH.TO) is 38.61%. This payout ratio is at a healthy, sustainable level, below 75%.
View Toromont Industries Ltd. (TIH.TO)’s dividend history.
What price target have analysts set for TIH?
6 equities research analysts have issued 12 month price objectives for Toromont Industries Ltd. (TIH.TO)’s stock. Their forecasts range from C$85.00 to C$101.00. On average, they expect Toromont Industries Ltd. (TIH.TO)’s share price to reach C$94.19 in the next year. This suggests a possible upside of 4.7% from the stock’s current price.
View analysts’ price targets for Toromont Industries Ltd. (TIH.TO) or view top-rated stocks among Wall Street analysts.
Compliance
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Who are Toromont Industries Ltd. (TIH.TO)’s key executives?
Toromont Industries Ltd. (TIH.TO)’s management team includes the following people:
Mr. Scott J. Medhurst, CEO, Pres & Director (Age 59, Pay $2.19M)
Mr. Michael P. Cuddy, Chief Information Officer & VP
Mr. Paul R. Jewer, Exec. VP (Age 57, Pay $1.11M)
Mr. Miles Sean Ryan Gregg, Sr. VP of Toromont Cat
Mr. Michael Stanley Howie McMillan, Exec. VP & CFO
Ms. Lynn M. Korbak, Gen. Counsel & Corp. Sec.
Mr. David Alan Malinauskas, Pres of CIMCO Refrigeration
Mr. Colin Goheen, Pres of Battlefield Equipment Rentals
Who are some of Toromont Industries Ltd. (TIH.TO)’s key competitors?
Some companies that are related to Toromont Industries Ltd. (TIH.TO) include Ferguson plc (FERG.L) (FERG), Hardwoods Distribution Inc. (HDI.TO) (HDI), Wajax Co. (WJX.TO) (WJX), SIG plc (SHI.L) (SHI), Brickability Group Plc (BRCK.L) (BRCK), Rocky Mountain Equipment Alberta Ltd (RME.TO) (RME), Flowtech Fluidpower (FLO), Braime Group PLC (BMT.L) (BMT), Braime Group PLC (BMTO.L) (BMTO), FTI Foodtech International (FTI), Andritz (ADRZF), Austin Engineering Limited (ANG.AX) (ANG), Boom Logistics Limited (BOL.AX) (BOL), Cool Technologies (WARM) and Coventry Group Ltd (CYG.AX) (CYG).
View all of TIH’s competitors.
What other stocks do shareholders of Toromont Industries Ltd. (TIH.TO) own?
Based on aggregate information from BAMagazine research, some companies that other Toromont Industries Ltd. (TIH.TO) investors own include National Bank of Canada (NA.TO) (NA), The Bank of Nova Scotia (BNS.TO) (BNS), Dollarama (DOL), Enerflex Ltd. (EFX.TO) (EFX), Alimentation Couche-Tard (ATD.B), BRP Inc. (DOO.TO) (DOO), Exchange Income Co. (EIF.TO) (EIF), Fortis (FTS), CGI (GIB.A) and Inter Pipeline Ltd. (IPL.TO) (IPL).
What is Toromont Industries Ltd. (TIH.TO)’s stock symbol?
Toromont Industries Ltd. (TIH.TO) trades on the Toronto Stock Exchange (TSX) under the ticker symbol “TIH.”
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How do I buy shares of Toromont Industries Ltd. (TIH.TO)?
Shares of TIH and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor’s Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
What is Toromont Industries Ltd. (TIH.TO)’s stock price today?
One share of TIH stock can currently be purchased for approximately C$89.96.
How much money does Toromont Industries Ltd. (TIH.TO) make?
Toromont Industries Ltd. (TIH.TO) has a market capitalization of C$7.40 billion and generates C$3.51 billion in revenue each year.
How many employees does Toromont Industries Ltd. (TIH.TO) have?
Toromont Industries Ltd. (TIH.TO) employs 6,500 workers across the globe.
What is Toromont Industries Ltd. (TIH.TO)’s official website?
The official website for Toromont Industries Ltd. (TIH.TO) is www.toromont.com.
Where are Toromont Industries Ltd. (TIH.TO)’s headquarters?
Toromont Industries Ltd. (TIH.TO) is headquartered at 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada.
More information
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Frequently asked questions
How to buy Toromont Industries stock?
The safest and easiest way to buy TSE:TIH stock is by using a regulated broker like eToro. You can open an account with the platform, make a deposit and buy this stock all in under 5 minutes from start to finish. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading TSE:TIH stocks in a safe and complete environment.
Where to buy Toromont Industries stock?
You will first want to find a licensed broker that supports TSE:TIH stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading TSE:TIH stocks in a safe and complete environment.
Is TSE:TIH stock a good investment?
As with any other asset, there is an element of risk associated with buying TSE:TIH stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is Toromont Industries stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with TSE:TIH is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in Toromont Industries stock.
How do you trade Toromont Industries stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for Toromont Industries stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on TSE:TIH stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell Toromont Industries stock?
To sell your TSE:TIH stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best Toromont Industries stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading TSE:TIH stock.
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Stephen Johnson
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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