Andrew Heath Sells 8,848 Shares of Spectris plc (LON:SXS) Stock

Spectris plc (LON:SXS) insider Andrew Heath sold 8,848 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($32.83), for a total value of £224,031.36 ($290,497.10).

Andrew Heath also recently made the following trade(s):

• On Friday, February 7th, Andrew Heath purchased 5 shares of Spectris stock. The shares were bought at an average price of GBX 3,012 ($39.06) per share, with a total value of £150.60 ($195.28).
• On Wednesday, January 8th, Andrew Heath purchased 6 shares of Spectris stock. The shares were bought at an average price of GBX 2,512 ($32.57) per share, with a total value of £150.72 ($195.44).

Spectris Stock Performance

Shares of Spectris stock opened at GBX 2,494 ($32.34) on Friday. The business’s fifty day simple moving average is GBX 2,798.19 and its 200 day simple moving average is GBX 2,663.04. The firm has a market capitalization of £2.48 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. Spectris plc has a 12 month low of GBX 2,370 ($30.73) and a 12 month high of GBX 3,430 ($44.48). The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS) last issued its quarterly earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.92) EPS for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. As a group, analysts anticipate that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be paid a GBX 56.60 ($0.73) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Spectris’s previous dividend of $26.60. This represents a dividend yield of 2.25%. Spectris’s payout ratio is presently 30.00%.

Analyst Ratings Changes

SXS has been the subject of several recent research reports. Berenberg Bank decreased their price target on Spectris from GBX 3,180 ($41.23) to GBX 3,000 ($38.90) and set a “buy” rating for the company in a report on Monday, March 10th. Shore Capital reaffirmed a “buy” rating on shares of Spectris in a report on Thursday, January 23rd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 3,765 ($48.82).

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.