Mark Seligman Acquires 4,000 Shares of Smiths Group plc (LON:SMIN) Stock

Smiths Group plc (LON:SMIN) insider Mark Seligman acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of GBX 1,726 ($22.21) per share, with a total value of £69,040 ($88,843.13).

Smiths Group Stock Performance

The company’s 50 day moving average is GBX 1,669.18 and its 200-day moving average is GBX 1,700.62. The stock has a market cap of £5.81 billion, a P/E ratio of 2,320.83, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. Smiths Group plc has a twelve month low of GBX 1,514.66 ($19.49) and a twelve month high of GBX 1,894.80 ($24.38).

Smiths Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 17th will be paid a dividend of GBX 30.20 ($0.39) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 1.66%. This is a positive change from Smiths Group’s previous dividend of $13.55. Smiths Group’s dividend payout ratio (DPR) is currently 6,111.11%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on shares of Smiths Group in a research report on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($23.81) price target for the company.

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.