Smiths Group (LON:SMIN) Hits New 1-Year High - Here's Why

Key Points

• Smiths Group plc reached a new 52-week high on the stock market, trading as high as GBX 2,384 ($32.14).
• The company had a market capitalization of £8.09 billion with a price-to-earnings ratio of 32.98.
• Insider transactions saw multiple purchases, including 1,091 shares acquired by insiders worth approximately $1.6 million in the last 90 days.

Smiths Group plc (LON:SMIN - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,384 ($32.19) and last traded at GBX 2,378 ($32.11), with a volume of 1737085 shares trading hands. The stock had previously closed at GBX 2,372 ($32.03).

Smiths Group Price Performance

The stock has a market cap of £7.73 billion, a price-to-earnings ratio of 2,656.14, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07. The company has a 50-day simple moving average of GBX 2,307.72 and a two-hundred day simple moving average of GBX 2,108.17.

Insiders Place Their Bets

In other news, insider Roland Carter purchased 773 shares of the business's stock in a transaction on Friday, August 1st. The stock was purchased at an average price of GBX 1,163 per share, for a total transaction of £8,989.99. Also, insider Karin Hoeing acquired 242 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of GBX 2,340 per share, with a total value of £5,662.80. Over the last three months, insiders have bought 1,091 shares of company stock valued at $1,643,119. 0.75% of the stock is currently owned by corporate insiders.

About Smiths Group

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.