Smiths Group (LON:SMIN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Smiths Group plc (LON:SMIN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,703 ($21.55) and traded as high as GBX 1,708 ($21.61). Smiths Group shares last traded at GBX 1,697.45 ($21.48), with a volume of 866,657 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank began coverage on shares of Smiths Group in a research note on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($23.41) price target for the company.

Smiths Group Stock Up 0.3 %

The stock has a market cap of £5.83 billion, a price-to-earnings ratio of 2,357.56, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The firm has a 50 day simple moving average of GBX 1,664.90 and a two-hundred day simple moving average of GBX 1,703. 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 Increases Dividend

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

Insider Activity at Smiths Group

In other Smiths Group news, insider Karin Hoeing bought 370 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of GBX 1,530 ($19.36) per share, with a total value of £5,661 ($7,163.10). Also, insider Mark Seligman acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average price of GBX 1,726 ($21.84) per share, for a total transaction of £69,040 ($87,359.23). Corporate insiders own 0.61% of the company’s 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.