Smiths Group plc (LON:SMIN) Insider Sells £419,725.53 in Stock

Smiths Group plc (LON:SMIN) insider Roland Carter sold 25,893 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of GBX 1,621 ($21.17), for a total transaction of £419,725.53 ($548,087.66).

Smiths Group Price Performance

SMIN traded up GBX 15 ($0.20) during trading on Wednesday, hitting GBX 1,655 ($21.61). 799,109 shares of the stock traded hands, compared to its average volume of 961,468. The business has a 50 day moving average price of GBX 1,743.34 and a 200 day moving average price of GBX 1,708.42. The company has a market cap of £5.68 billion, a price-to-earnings ratio of 2,277.78, a PEG ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. Smiths Group plc has a twelve month low of GBX 1,517.50 ($19.82) and a twelve month high of GBX 1,829 ($23.88).

Smiths Group Increases Dividend

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

Analysts Set New Price Targets

Separately, Berenberg Bank began coverage on shares of Smiths Group in a research report on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($24.16) price objective for the company.

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.