Posted by admin on Apr 19th, 2022
Spirax-Sarco Engineering plc (LON:SPX – Get Rating) insider Jane Kingston bought 1,580 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The shares were purchased at an average cost of £125 ($162.63) per share, for a total transaction of £197,500 ($256,960.71).
Shares of Spirax-Sarco Engineering stock traded down GBX 49.50 ($0.64) during trading on Tuesday, reaching £125.61 ($163.42). The company’s stock had a trading volume of 119,718 shares, compared to its average volume of 135,856. Spirax-Sarco Engineering plc has a 52-week low of £107.85 ($140.32) and a 52-week high of £172.25 ($224.11). The company has a market cap of £9.27 billion and a price-to-earnings ratio of 39.06. The firm’s 50-day moving average is £122.19 and its two-hundred day moving average is £141.16. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 46.06.
The firm also recently disclosed a dividend, which will be paid on Friday, May 20th. Stockholders of record on Thursday, April 21st will be paid a GBX 97.50 ($1.27) dividend. This is a boost from Spirax-Sarco Engineering’s previous dividend of $38.50. The ex-dividend date is Thursday, April 21st. This represents a dividend yield of 0.86%. Spirax-Sarco Engineering’s dividend payout ratio is 0.39%.
A number of equities analysts have commented on the stock. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 10th. Barclays reissued an “equal weight” rating and issued a £135.90 ($176.81) price target on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 15th. Royal Bank of Canada reissued an “underperform” rating and issued a £105 ($136.61) price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, April 13th. Berenberg Bank reissued a “hold” rating and issued a £131.20 ($170.70) price target on shares of Spirax-Sarco Engineering in a research note on Thursday, March 31st. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 9th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of “Hold” and an average target price of £122.02 ($158.76).
About Spirax-Sarco Engineering (Get Rating)
Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.
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