Smiths Group plc (LON:SMIN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,712.26 ($21.52) and traded as high as GBX 1,742 ($21.89). Smiths Group shares last traded at GBX 1,731 ($21.75), with a volume of 569,950 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank started coverage on Smiths Group in a research note on Thursday, August 22nd. They issued a "buy" rating and a GBX 1,850 ($23.25) price objective for the company.
Get Our Latest Research Report on SMIN
Smiths Group Stock Performance
The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.84. The firm has a 50-day moving average price of GBX 1,657.92 and a 200 day moving average price of GBX 1,712.26. The firm has a market capitalization of £5.94 billion, a PE ratio of 2,402.78, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.
Smiths Group Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 17th were paid a dividend of GBX 30.20 ($0.38) per share. This is an increase from Smiths Group's previous dividend of $13.55. This represents a yield of 1.66%. The ex-dividend date of this dividend was Thursday, October 17th. Smiths Group's dividend payout ratio is presently 6,111.11%.
Insiders Place Their Bets
In other news, insider Mark Seligman purchased 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of GBX 1,726 ($21.69) per share, for a total transaction of £69,040 ($86,766.37). Also, insider Roland Carter sold 25,893 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of GBX 1,621 ($20.37), for a total transaction of £419,725.53 ($527,492.18). Insiders own 0.61% of the company's stock.
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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