JPMorgan Chase & Co. Reiterates Neutral Rating for Rotork (LON:ROR)

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Rotork (LON:ROR - Free Report) in a research note released on Wednesday, Marketbeat.com reports. They currently have a GBX 300 ($3.80) price target on the stock.

A number of other analysts have also recently commented on the stock. Shore Capital reissued a hold rating on shares of Rotork in a research note on Tuesday, March 5th. Berenberg Bank reissued a buy rating and issued a GBX 370 ($4.68) price target on shares of Rotork in a research note on Wednesday, March 6th.

Rotork Stock Performance

ROR traded up GBX 0.80 ($0.01) during midday trading on Wednesday, hitting GBX 328.80 ($4.16). 694,086 shares of the company were exchanged, compared to its average volume of 1,357,835. The firm has a market capitalization of £2.83 billion, a price-to-earnings ratio of 2,529.23, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. Rotork has a 1-year low of GBX 277.20 ($3.51) and a 1-year high of GBX 344.80 ($4.36). The company's 50 day simple moving average is GBX 321.69 and its 200 day simple moving average is GBX 314.27. The company has a current ratio of 3.09, a quick ratio of 2.16 and a debt-to-equity ratio of 1.92.

Rotork Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 18th will be paid a dividend of GBX 4.65 ($0.06) per share. This is a boost from Rotork's previous dividend of $2.55. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 1.47%. Rotork's payout ratio is presently 5,384.62%.

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.