Smiths Group plc (LON:SMIN) Announces Dividend Increase – GBX 30.20 Per Share

Smiths Group plc (LON:SMIN) declared a dividend on Tuesday, September 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 17th will be given a dividend of GBX 30.20 ($0.39) per share on Friday, November 22nd. 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. The official announcement can be accessed at this link.

Smiths Group Price Performance

SMIN opened at GBX 1,650 ($21.55) on Wednesday. The company has a 50 day moving average of GBX 1,743.34 and a two-hundred day moving average of GBX 1,708.42. Smiths Group has a 52-week low of GBX 1,517.50 ($19.82) and a 52-week high of GBX 1,829 ($23.88). The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.84. The company has a market cap of £5.66 billion, a P/E ratio of 2,277.78, a P/E/G ratio of 0.35 and a beta of 0.66.

Insider Buying and Selling at Smiths Group

In other news, insider Karin Hoeing bought 317 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of GBX 1,778 ($23.22) per share, for a total transaction of £5,636.26 ($7,359.96). 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank began coverage on Smiths Group in a research report on Thursday, August 22nd. They issued a “buy” rating and a GBX 1,850 ($24.16) 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.