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

Better efficiency spurs its profits

TOROMONT INDUSTRIES LTD. $108 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.5 million; Market cap: $8.9 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Above Average; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada… Read More

Here are key updates on your holdings

COLLIERS INTERNATIONAL GROUP INC. $138 remains a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 42.7 million; Market cap: $5.9 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.3%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of services, including… Read More

Strong backlog a plus for Toromont

TOROMONT INDUSTRIES LTD. $118 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.4 million; Market cap: $9.7 billion; Price-to-sales ratio: 2.6; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada… 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