Smiths Group (LON:SMIN) Stock Price Down 0.1% – Should You Sell?

Smiths Group plc (LON:SMIN) shares traded down 0.1% during trading on Thursday . The stock traded as low as GBX 1,756 ($22.16) and last traded at GBX 1,762.66 ($22.25). 718,726 shares traded hands during trading, a decline of 27% from the average session volume of 991,037 shares. The stock had previously closed at GBX 1,765 ($22.28).

Analyst Ratings Changes

Separately, Berenberg Bank began coverage on Smiths Group in a research note on Thursday, August 22nd. They issued a “buy” rating and a GBX 1,850 ($23.35) price target for the company.

Smiths Group Stock Performance

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 business has a 50 day moving average price of GBX 1,654.20 and a two-hundred day moving average price of GBX 1,711.90. The stock has a market cap of £6.03 billion, a P/E ratio of 2,441.03, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Smiths Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 17th were paid a dividend of GBX 30.20 ($0.38) per share. This represents a yield of 1.66%. This is a boost from Smiths Group’s previous dividend of $13.55. The ex-dividend date was Thursday, October 17th. Smiths Group’s dividend payout ratio (DPR) is presently 6,111.11%.

Insiders Place Their Bets

In other Smiths Group news, insider Karin Hoeing bought 370 shares of Smiths Group stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of GBX 1,530 ($19.31) per share, for a total transaction of £5,661 ($7,145.02). Also, insider Roland Carter sold 25,893 shares of Smiths Group stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of GBX 1,621 ($20.46), for a total value of £419,725.53 ($529,755.81). Corporate insiders own 0.61% of the company’s stock.

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.