Smiths Group plc (LON:SMIN) Insider Karin Hoeing Purchases 370 Shares of Stock

Smiths Group plc (LON:SMIN) insider Karin Hoeing bought 370 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of GBX 1,530 ($19.84) per share, for a total transaction of £5,661 ($7,341.46).

Smiths Group Stock Performance

Smiths Group stock opened at GBX 1,542 ($20.00) on Friday. The stock’s 50 day moving average is GBX 1,704.43 and its 200 day moving average is GBX 1,704.08. The company has a market capitalization of £5.29 billion, a P/E ratio of 2,141.67, a PEG ratio of 0.35 and a beta of 0.66. Smiths Group plc has a twelve month low of GBX 1,516 ($19.66) and a twelve month high of GBX 1,829 ($23.72). The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.84.

Smiths Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 17th will be issued a dividend of GBX 30.20 ($0.39) per share. The ex-dividend date is Thursday, October 17th. This is an increase from Smiths Group’s previous dividend of $13.55. This represents a dividend yield of 1.66%. Smiths Group’s dividend payout ratio (DPR) is presently 6,111.11%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank assumed coverage on shares of Smiths Group in a research note on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($23.99) price objective on the stock.

Smiths Group Company Profile

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.