Spirax-Sarco Engineering plc (SPXSY) To Go Ex-Dividend on April 25th

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) announced a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Friday, April 25th will be paid a dividend of 0.7609 per share on Monday, June 9th. The ex-dividend date is Friday, April 25th. This is a 183.8% increase from Spirax-Sarco Engineering’s previous dividend of $0.27.

Spirax-Sarco Engineering Price Performance

Shares of OTCMKTS SPXSY opened at $43.13 on Thursday. Spirax-Sarco Engineering has a 1-year low of $39.28 and a 1-year high of $61.67. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $46.93 and its two-hundred day moving average price is $45.81.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPXSY. Hsbc Global Res raised Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th. Barclays upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.