JPMorgan Chase & Co. upgraded shares of Rotork (LON:ROR – Free Report) to an overweight rating in a research report released on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has GBX 370 ($4.84) price target on the stock, up from their prior price target of GBX 365 ($4.77).
Several other analysts also recently issued reports on ROR. Shore Capital reiterated a hold rating on shares of Rotork in a research note on Tuesday, August 6th. Berenberg Bank lifted their price target on shares of Rotork from GBX 370 ($4.84) to GBX 380 ($4.97) and gave the stock a buy rating in a research note on Friday, August 9th.
View Our Latest Stock Analysis on Rotork
Rotork Price Performance
Rotork Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th will be given a GBX 2.75 ($0.04) dividend. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 15th. Rotork’s payout ratio is 5,000.00%.
About Rotork
Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.
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