Smiths Group plc (LON:SMIN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,703 ($21.55) and traded as high as GBX 1,708 ($21.61). Smiths Group shares last traded at GBX 1,697.45 ($21.48), with a volume of 866,657 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank began coverage on Smiths Group in a report on Thursday, August 22nd. They set a "buy" rating and a GBX 1,850 ($23.41) target price on the stock.
Read Our Latest Report on SMIN
Smiths Group Stock Up 0.1 %
The stock's fifty day simple moving average is GBX 1,664.90 and its two-hundred day simple moving average is GBX 1,703. The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The company has a market capitalization of £5.82 billion, a price-to-earnings ratio of 2,357.56, a PEG ratio of 0.35 and a beta of 0.66.
Smiths Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 17th will be paid a dividend of GBX 30.20 ($0.38) per share. 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. This represents a yield of 1.66%. Smiths Group's dividend payout ratio is 6,111.11%.
Insider Buying and Selling at Smiths Group
In other news, insider Mark Seligman bought 4,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of GBX 1,726 ($21.84) per share, for a total transaction of £69,040 ($87,359.23). Also, insider Karin Hoeing purchased 370 shares of the company's stock in a transaction on Friday, November 1st. The stock was purchased at an average price of GBX 1,530 ($19.36) per share, for a total transaction of £5,661 ($7,163.10). 0.61% of the stock is currently owned by insiders.
Smiths Group Company Profile
(
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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.
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