Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel sold 697 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($87.04), for a total value of £46,859.31 ($60,667.15).
Spirax-Sarco Engineering Stock Performance
Shares of LON SPX opened at GBX 6,570 ($85.06) on Friday. Spirax-Sarco Engineering plc has a 12-month low of GBX 6,350 ($82.21) and a 12-month high of £101.40 ($131.28). The company has a market cap of £4.84 billion, a PE ratio of 25.20, a P/E/G ratio of 2.20 and a beta of 0.68. The stock has a 50 day simple moving average of GBX 7,422.28 and a 200-day simple moving average of GBX 7,129.19. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, equities research analysts forecast that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current year.
Spirax-Sarco Engineering Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a GBX 117.50 ($1.52) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 1.7%. This is an increase from Spirax-Sarco Engineering's previous dividend of $47.50. Spirax-Sarco Engineering's dividend payout ratio is presently 62.13%.
Analyst Ratings Changes
A number of brokerages have weighed in on SPX. Shore Capital reissued a "sell" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. Citigroup reissued a "buy" rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Spirax-Sarco Engineering from GBX 7,800 ($100.98) to GBX 7,700 ($99.69) and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Spirax-Sarco Engineering has an average rating of "Hold" and a consensus price target of GBX 8,478 ($109.76).
View Our Latest Stock Analysis on SPX
Spirax-Sarco Engineering Company Profile
(
Get Free Report)
Spirax-Sarco Engineering rebrands as Spirax Group
On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.
Our new name respects our history and where we have come from, with who we are today.
Further Reading
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