Smiths Group (LON:SMIN) Sets New 12-Month Low – Here’s Why

Shares of Smiths Group plc (LON:SMIN) hit a new 52-week low on Friday . The stock traded as low as GBX 1,514.66 ($19.72) and last traded at GBX 1,518 ($19.76), with a volume of 781900 shares traded. The stock had previously closed at GBX 1,533 ($19.96).

Analysts Set New Price Targets

Separately, Berenberg Bank initiated coverage on shares of Smiths Group in a research note on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($24.08) target price for the company.

Smiths Group Trading Up 0.1 %

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 £5.26 billion, a PE ratio of 2,130.56, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company’s 50 day simple moving average is GBX 1,681.82 and its two-hundred day simple moving average is GBX 1,700.77.

Smiths Group Increases Dividend

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

Insider Activity

In other Smiths Group news, insider Karin Hoeing acquired 370 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of GBX 1,530 ($19.92) per share, with a total value of £5,661 ($7,369.17). In related news, insider Roland Carter sold 25,893 shares of Smiths Group stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of GBX 1,621 ($21.10), for a total value of £419,725.53 ($546,375.33). Also, insider Karin Hoeing purchased 370 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of GBX 1,530 ($19.92) per share, with a total value of £5,661 ($7,369.17). Insiders own 0.61% of the company’s 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.