Smiths Group (LON:SMIN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Smiths Group plc (LON:SMIN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,808.09 ($23.38) and traded as high as GBX 1,951 ($25.22). Smiths Group shares last traded at GBX 1,951 ($25.22), with a volume of 635,966 shares traded.

Smiths Group Stock Up 1.0 %

The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a market capitalization of £6.65 billion, a PE ratio of 27.11, a PEG ratio of 0.35 and a beta of 0.66. The company has a 50 day moving average price of GBX 1,999.62 and a 200-day moving average price of GBX 1,808.09.

Smiths Group (LON:SMIN) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 55.50 ($0.72) earnings per share for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. As a group, analysts forecast that Smiths Group plc will post 85.1295337 earnings per share for the current fiscal year.

Smiths Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 10th will be paid a GBX 36 ($0.47) dividend. This is an increase from Smiths Group’s previous dividend of $30.20. This represents a yield of 0.71%. The ex-dividend date is Thursday, April 10th. Smiths Group’s dividend payout ratio is presently 61.13%.

Insider Buying and Selling at Smiths Group

In other news, insider Richard Howes acquired 87 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of GBX 2,030 ($26.24) per share, for a total transaction of £1,766.10 ($2,283.26). Insiders own 0.61% of the company’s stock.

About Smiths Group

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.