Shares of Rotork plc (LON:ROR – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 331.63 ($4.44) and traded as high as GBX 340.60 ($4.56). Rotork shares last traded at GBX 338 ($4.53), with a volume of 1,643,309 shares trading hands.
Analyst Upgrades and Downgrades
ROR has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded Rotork to an “overweight” rating and increased their target price for the company from GBX 365 ($4.89) to GBX 370 ($4.95) in a research note on Wednesday, September 11th. Shore Capital reiterated a “hold” rating on shares of Rotork in a research report on Tuesday, August 6th. Finally, Berenberg Bank raised their price target on Rotork from GBX 370 ($4.95) to GBX 380 ($5.09) and gave the company a “buy” rating in a report on Friday, August 9th.
Get Our Latest Analysis on ROR
Rotork Price Performance
Rotork Cuts Dividend
The company also recently declared a dividend, which was paid on Monday, September 23rd. Investors of record on Thursday, August 15th were issued a GBX 2.75 ($0.04) dividend. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 0.83%. 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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