Nimesh Patel Sells 697 Shares of Spirax-Sarco Engineering plc (LON:SPX) Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel sold 697 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($87.02), for a total transaction of £46,859.31 ($60,651.45).

Spirax-Sarco Engineering Stock Down 2.5 %

SPX opened at GBX 6,405 ($82.90) on Friday. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. Spirax-Sarco Engineering plc has a 12 month low of GBX 6,350 ($82.19) and a 12 month high of £101.40 ($131.25). The stock’s 50 day moving average price is GBX 7,404.98 and its 200 day moving average price is GBX 7,120.13. The stock has a market cap of £4.72 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, research analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current year.

Spirax-Sarco Engineering Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 117.50 ($1.52) per share. This represents a dividend yield of 1.7%. This is an increase from Spirax-Sarco Engineering’s previous dividend of $47.50. The ex-dividend date of this dividend is Thursday, April 24th. Spirax-Sarco Engineering’s payout ratio is 62.13%.

Analysts Set New Price Targets

A number of equities analysts have commented on SPX shares. Citigroup restated a “buy” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their target price on Spirax-Sarco Engineering from GBX 7,800 ($100.96) to GBX 7,700 ($99.66) and set a “neutral” rating on the stock in a research report 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 8,478 ($109.73).

Spirax-Sarco Engineering Company Profile

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.