Spirax-Sarco Engineering (LON:SPX) Hits New 1-Year Low - Time to Sell?

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 5,460 ($71.47) and last traded at GBX 5,575 ($72.97), with a volume of 856037 shares trading hands. The stock had previously closed at GBX 5,780 ($75.65).

Wall Street Analysts Forecast Growth

SPX has been the topic of a number of research reports. Citigroup reiterated a "buy" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. Shore Capital reaffirmed a "sell" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Spirax-Sarco Engineering from GBX 7,800 ($102.09) to GBX 7,700 ($100.79) and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Spirax-Sarco Engineering currently has an average rating of "Hold" and a consensus target price of GBX 8,107.50 ($106.12).

Spirax-Sarco Engineering Price Performance

The stock has a market capitalization of £4.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The stock's fifty day moving average is GBX 6,930.18 and its 200-day moving average is GBX 6,984.05.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.75) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, equities analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 117.50 ($1.54) per share. This represents a yield of 1.7%. This is an increase from Spirax-Sarco Engineering's previous dividend of $47.50. The ex-dividend date of this dividend is Thursday, April 24th. Spirax-Sarco Engineering's dividend payout ratio (DPR) is presently 62.13%.

Insider Transactions at Spirax-Sarco Engineering

In other news, insider Nimesh Patel sold 697 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($88.00), for a total value of £46,859.31 ($61,334.18). Corporate insiders own 0.73% of the company's stock.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. Our new name respects our history and where we have come from, with who we are today.