Insider Selling: Spectris plc (LON:SXS) Insider Sells 8,848 Shares of Stock

Spectris plc (LON:SXS - Get Free Report) insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($32.69), for a total transaction of £224,031.36 ($289,259.34).

Andrew Heath also recently made the following trade(s):

• On Friday, February 7th, Andrew Heath bought 5 shares of Spectris stock. The shares were purchased at an average cost of GBX 3,012 ($38.89) per share, for a total transaction of £150.60 ($194.45).
• On Wednesday, January 8th, Andrew Heath purchased 6 shares of Spectris stock. The shares were bought at an average price of GBX 2,512 ($32.43) per share, with a total value of £150.72 ($194.60).

Spectris Stock Performance

Spectris stock traded down GBX 36 ($0.46) during mid-day trading on Friday, reaching GBX 2,458 ($31.74). The company's stock had a trading volume of 489,921 shares, compared to its average volume of 1,288,492. Spectris plc has a 12-month low of GBX 2,370 ($30.60) and a 12-month high of GBX 3,430 ($44.29). The company has a market capitalization of £2.45 billion, a P/E ratio of 9.10, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm's fifty day moving average price is GBX 2,795.87 and its two-hundred day moving average price is GBX 2,659.50.

Spectris (LON:SXS - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.91) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Sell-side analysts predict that Spectris plc will post 194.7972456 EPS for the current fiscal year.

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Spectris Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.73) per share. This is a positive change from Spectris's previous dividend of $26.60. This represents a dividend yield of 2.25%. The ex-dividend date is Thursday, May 15th. Spectris's payout ratio is 30.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SXS. Berenberg Bank decreased their price target on shares of Spectris from GBX 3,180 ($41.06) to GBX 3,000 ($38.73) and set a "buy" rating for the company in a research note on Monday, March 10th. Shore Capital restated a "buy" rating on shares of Spectris in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Spectris has a consensus rating of "Buy" and an average target price of GBX 3,765 ($48.61).

About Spectris

The experts in providing insight through precision measurement. Our purpose is to deliver value beyond measure – going beyond just the measurement. Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently. This equips them with the ability to reduce time to market, improve processes, quality and yield.