Spirax-Sarco Engineering plc (LON:SPX) to Issue Dividend of GBX 117.50

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 117.50 ($1.57) per share on Friday, May 23rd. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 147.4% increase from Spirax-Sarco Engineering's previous dividend of $47.50. The official announcement can be seen at this link.

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 5,750 ($76.94) on Tuesday. The company has a market capitalization of £4.23 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 ($71.99) and a 12-month high of GBX 9,850 ($131.81). The business's 50 day moving average is GBX 6,704.91 and its two-hundred day moving average is GBX 6,925.03. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.83) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Spirax-Sarco Engineering from GBX 7,800 ($104.38) to GBX 7,700 ($103.04) and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Shore Capital restated a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. Finally, Citigroup reiterated a "buy" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 8,107.50 ($108.49).

Insiders Place Their Bets

In other news, insider Nimesh Patel sold 697 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($89.96), for a total transaction of £46,859.31 ($62,704.82). Insiders own 0.73% of the company's stock.

About Spirax-Sarco Engineering

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.

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