Spectris plc (LON:SXS) Insider Derek Harding Acquires 3,741 Shares of Stock

Spectris plc (LON:SXS) insider Derek Harding purchased 3,741 shares of the stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of GBX 2,085 ($26.90) per share, for a total transaction of £77,999.85 ($100,619.00).

Derek Harding also recently made the following trade(s):

• On Wednesday, March 26th, Derek Harding sold 22,577 shares of Spectris stock. The stock was sold at an average price of GBX 2,420 ($31.22), for a total transaction of £546,363.40 ($704,803.15).
• On Friday, March 7th, Derek Harding bought 6 shares of Spectris stock. The shares were bought at an average cost of GBX 2,667 ($34.40) per share, for a total transaction of £160.02 ($206.42).

Spectris Stock Down 3.1 %

Shares of Spectris stock opened at GBX 2,050 ($26.44) on Friday. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. Spectris plc has a 12-month low of GBX 2,010 ($25.93) and a 12-month high of GBX 3,430 ($44.25). The firm has a market capitalization of £2.04 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The stock’s fifty day moving average is GBX 2,718.21 and its 200-day moving average is GBX 2,624.74.

Spectris (LON:SXS) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.91) EPS for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Equities analysts anticipate that Spectris plc will post 194.7972456 earnings per share for the current year.

Spectris Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.73) per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Spectris’s previous dividend of $26.60. This represents a yield of 2.25%. Spectris’s dividend payout ratio (DPR) is presently 30.00%.

Wall Street Analyst Weigh In

SXS has been the subject of a number of research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd. Berenberg Bank dropped their target price on Spectris from GBX 3,180 ($41.02) to GBX 3,000 ($38.70) and set a “buy” rating on the stock in a report on Monday, March 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Spectris currently has an average rating of “Buy” and an average price target of GBX 3,765 ($48.57).

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.