Smiths Group plc (LON:SMIN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,703 ($21.44) and traded as high as GBX 1,708 ($21.50). Smiths Group shares last traded at GBX 1,697.45 ($21.37), with a volume of 866,657 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank assumed coverage on Smiths Group in a research report on Thursday, August 22nd. They set a "buy" rating and a GBX 1,850 ($23.29) target price for the company.
Read Our Latest Analysis on SMIN
Smiths Group Stock Up 1.7 %
The company has a market capitalization of £5.92 billion, a P/E ratio of 2,358.33, a PEG ratio of 0.35 and a beta of 0.66. 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 50 day moving average of GBX 1,663.31 and a 200-day moving average of GBX 1,703.51.
Smiths Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 17th will be issued a GBX 30.20 ($0.38) dividend. This represents a yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 17th. This is a boost from Smiths Group's previous dividend of $13.55. Smiths Group's dividend payout ratio is 6,111.11%.
Insider Buying and Selling at Smiths Group
In other Smiths Group news, insider Roland Carter sold 25,893 shares of the company's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of GBX 1,621 ($20.41), for a total value of £419,725.53 ($528,421.92). Also, insider Mark Seligman bought 4,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of GBX 1,726 ($21.73) per share, for a total transaction of £69,040 ($86,919.30). 0.61% of the stock is owned by company insiders.
About Smiths Group
(
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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.
Further Reading
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