Investment Analysts’ Recent Ratings Updates for Toromont Industries (TIH)

Several brokerages have updated their recommendations and price targets on shares of Toromont Industries (TSE: TIH) in the last few weeks:

• 7/30/2026 – Toromont Industries was upgraded by Scotiabank from “hold” to “outperform”. They now have a C$239.00 price target on the stock, up from C$238.00.
• 7/30/2026 – Toromont Industries had its price target raised by Raymond James Financial, Inc. from C$235.00 to C$250.00. They now have an “outperform” rating on the stock.
• 7/30/2026 – Toromont Industries had its price target raised by Canaccord Genuity Group Inc. from C$240.00 to C$260.00. They now have a “buy” rating on the stock.
• 7/30/2026 – Toromont Industries had its price target raised by BMO Capital Markets from C$247.00 to C$248.00. They now have an “outperform” rating on the stock.
• 7/30/2026 – Toromont Industries had its price target raised by National Bank Financial from C$259.00 to C$261.00. They now have an “outperform” rating on the stock.
• 7/30/2026 – Toromont Industries had its price target raised by Royal Bank Of Canada from C$256.00 to C$265.00. They now have an “outperform” rating on the stock.
• 7/30/2026 – Toromont Industries had its price target raised by Canadian Imperial Bank of Commerce from C$240.00 to C$242.00.
• 7/8/2026 – Toromont Industries had its price target raised by Canadian Imperial Bank of Commerce from C$215.00 to C$240.00. They now have a “neutral” rating on the stock.
• 7/7/2026 – Toromont Industries had its price target raised by Scotiabank from C$229.00 to C$238.00. They now have a “sector perform” rating on the stock.
• 6/23/2026 – Toromont Industries had its price target raised by National Bank Financial from C$216.00 to C$259.00. They now have an “outperform” rating on the stock.
• 6/18/2026 – Toromont Industries was upgraded by Raymond James Financial, Inc. from “market perform” to “outperform”. They now have a C$235.00 price target on the stock, up from C$190.00.
• 6/18/2026 – Toromont Industries had its price target raised by Royal Bank Of Canada from C$234.00 to C$256.00. They now have an “outperform” rating on the stock.

Toromont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, July 2nd were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, June 5th. Toromont Industries’s dividend payout ratio is 34.39%.

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.