Smiths Group plc (LON:SMIN) Insider Mark Seligman Acquires 4,000 Shares of Stock

Smiths Group plc (LON:SMIN) insider Mark Seligman purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of GBX 1,726 ($22.21) per share, for a total transaction of £69,040 ($88,843.13).

Smiths Group Trading Up 10.4 %

Smiths Group stock opened at GBX 1,681 ($21.63) on Thursday. The stock has a 50-day moving average of GBX 1,671.60 and a two-hundred day moving average of GBX 1,700.76. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. Smiths Group plc has a one year low of GBX 1,514.66 ($19.49) and a one year high of GBX 1,894.80 ($24.38). The stock has a market cap of £5.77 billion, a PE ratio of 2,334.72, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Smiths Group Increases Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank initiated coverage on Smiths Group in a research report on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($23.81) price objective on the stock.

About Smiths Group

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.