Smiths Group (LON:SMIN) Reaches New 1-Year Low - Time to Sell?

Smiths Group plc (LON:SMIN - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as GBX 1,514.66 ($19.72) and last traded at GBX 1,518 ($19.76), with a volume of 781900 shares. The stock had previously closed at GBX 1,533 ($19.96).

Wall Street Analyst Weigh In

Separately, Berenberg Bank assumed coverage on Smiths Group in a research report on Thursday, August 22nd. They issued a "buy" rating and a GBX 1,850 ($24.08) price objective for the company.

Smiths Group Trading Up 0.1 %

The firm has a fifty day moving average of GBX 1,681.82 and a 200-day moving average of GBX 1,700.77. 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 stock has a market capitalization of £5.26 billion, a price-to-earnings ratio of 2,130.56, a P/E/G ratio of 0.35 and a beta of 0.66.

Smiths Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 17th will be issued a dividend of GBX 30.20 ($0.39) per share. This represents a yield of 1.66%. This is a positive change from Smiths Group's previous dividend of $13.55. The ex-dividend date of this dividend is Thursday, October 17th. Smiths Group's dividend payout ratio (DPR) is presently 6,111.11%.

Insiders Place Their Bets

In other Smiths Group news, insider Karin Hoeing acquired 370 shares of the stock in a transaction on Friday, November 1st. The stock was purchased at an average price of GBX 1,530 ($19.92) per share, for a total transaction of £5,661 ($7,369.17). In other Smiths Group news, insider Roland Carter sold 25,893 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of GBX 1,621 ($21.10), for a total transaction of £419,725.53 ($546,375.33). Also, insider Karin Hoeing purchased 370 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of GBX 1,530 ($19.92) per share, with a total value of £5,661 ($7,369.17). 0.61% of the stock is currently owned by company insiders.

Smiths Group Company Profile

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.