Smiths Group (LON:SMIN) Reaches New 1-Year Low - Should You Sell?

Smiths Group plc (LON:SMIN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,569 ($20.35) and last traded at GBX 1,570.69 ($20.37), with a volume of 1054861 shares trading hands. The stock had previously closed at GBX 1,597 ($20.71).

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on shares of Smiths Group in a research note on Thursday, August 22nd. They issued a "buy" rating and a GBX 1,850 ($23.99) price target on the stock.

Smiths Group Stock Down 1.8 %

The firm has a market cap of £5.38 billion, a PE ratio of 2,183.33, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. The firm's 50-day moving average price is GBX 1,722.31 and its two-hundred day moving average price is GBX 1,706.96.

Smiths Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 30.20 ($0.39) per share. This represents a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 17th. This is an increase from Smiths Group's previous dividend of $13.55. Smiths Group's payout ratio is currently 6,111.11%.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Karin Hoeing purchased 317 shares of Smiths Group stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of GBX 1,778 ($23.06) per share, for a total transaction of £5,636.26 ($7,309.38). In other Smiths Group news, insider Roland Carter sold 25,893 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of GBX 1,621 ($21.02), for a total transaction of £419,725.53 ($544,320.49). Also, insider Karin Hoeing acquired 317 shares of the business's stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of GBX 1,778 ($23.06) per share, with a total value of £5,636.26 ($7,309.38). Insiders own 0.61% of the company's stock.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.