Smiths Group plc (LON:SMIN) Insider Buys £69,040 in Stock

Smiths Group plc (LON:SMIN) insider Mark Seligman acquired 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of GBX 1,726 ($21.75) per share, with a total value of £69,040 ($87,006.93).

Smiths Group Stock Performance

Shares of SMIN opened at GBX 1,697 ($21.39) on Friday. The firm has a 50-day moving average of GBX 1,669.18 and a 200-day moving average of GBX 1,700.62. 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 cap of £5.82 billion, a PE ratio of 2,354.17, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. Smiths Group plc has a one year low of GBX 1,514.66 ($19.09) and a one year high of GBX 1,894.80 ($23.88).

Smiths Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 17th will be paid a dividend of GBX 30.20 ($0.38) per share. This represents a dividend yield of 1.66%. The ex-dividend date is Thursday, October 17th. This is a boost from Smiths Group’s previous dividend of $13.55. Smiths Group’s dividend payout ratio (DPR) is currently 6,111.11%.

Analysts Set New Price Targets

Separately, Berenberg Bank began coverage on shares of Smiths Group in a research report on Thursday, August 22nd. They issued a “buy” rating and a GBX 1,850 ($23.31) price objective for the company.

About Smiths Group

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.