Smiths Group (LON:SMIN) Shares Down 0.1% – Here’s What Happened

Smiths Group plc (LON:SMIN) shares were down 0.1% on Thursday . The stock traded as low as GBX 1,756 ($22.16) and last traded at GBX 1,762.66 ($22.25). Approximately 718,726 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 991,037 shares. The stock had previously closed at GBX 1,765 ($22.28).

Wall Street Analyst Weigh In

Separately, Berenberg Bank assumed coverage on Smiths Group in a research report on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($23.35) price target on the stock.

Smiths Group Stock Performance

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market cap of £6.03 billion, a price-to-earnings ratio of 2,441.03, a P/E/G ratio of 0.35 and a beta of 0.66. The firm has a fifty day simple moving average of GBX 1,654.20 and a two-hundred day simple moving average of GBX 1,711.90.

Smiths Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 17th were given a dividend of GBX 30.20 ($0.38) per share. This represents a yield of 1.66%. The ex-dividend date was Thursday, October 17th. This is an increase from Smiths Group’s previous dividend of $13.55. Smiths Group’s payout ratio is currently 6,111.11%.

Insiders Place Their Bets

In other Smiths Group news, insider Roland Carter sold 25,893 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of GBX 1,621 ($20.46), for a total transaction of £419,725.53 ($529,755.81). Also, insider Mark Seligman acquired 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of GBX 1,726 ($21.78) per share, with a total value of £69,040 ($87,138.71). Corporate insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

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.