Earnings rocketed 24.1% at Toromont Industries Ltd.

Earnings rocketed 24.1% at Toromont Industries Ltd.

Shares of this heavy equipment distributor continue to rebound strongly from March 2020 lows as it rewards investors with higher dividends.

The stock trades at 21.5 times the company’s 2022 earnings forecast.

TOROMONT INDUSTRIES LTD. (Toronto symbol TIH; www.toromont.com) distributes a range of industrial equipment, including Caterpillar… Read More

Their rising backlogs cut your risk

The re-opening of the economy is spurring strong demand for heavy equipment from these two Caterpillar dealers. Their strong order backlogs also help cut any short-term risk new COVID-19 variants may pose.
FINNING INTERNATIONAL INC. $33 is a buy. The company’s (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing… Read More

Earnings rose 64.5% at Toromont Industries

Earnings rose 64.5% at Toromont Industries

This company’s shares hit a new all-time high of $111 in May 2021 as the spread of COVID-19 slowed and construction and mining firms began to accelerate their projects. The stock will likely keep moving higher as governments in Ontario and Quebec undertake new infrastructure… Read More

Re-opening spurs Toromont

TOROMONT INDUSTRIES LTD. $106 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.5 million; Market cap: $8.7 billion; Price-to-sales ratio: 2.3; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a broad range of industrial equipment… Read More

Use these key updates to build your returns

WYNDHAM HOTELS & RESORTS INC. $71 remains a buy. The company (New York symbol WH; Cyclical-Growth Portfolio, Consumer sector; Shares outstanding: 93.4 million; Market cap: $6.6 billion; Dividend yield: 0.9%; Dividend Sustainability Rating: Average, www.wyndhamhotels.com) is a hotel franchiser with 8,900 hotels (796,000 rooms) in… Read More

Rising backlog a plus for Toromont

TOROMONT INDUSTRIES LTD. $92 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.5 million; Market cap: $7.6 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in… Read More