Smiths Group (LON:SMIN) Reaches New 52-Week High - Should You Buy?

Key Points

• Smiths Group plc's share price reached a new 52-week high of GBX 2,550 ($34.46) before settling at GBX 2,476 ($33.46).
• The company reported a market capitalization of £7.68 billion and notable financial ratios, including a price-to-earnings ratio of 2,649.38 and a debt-to-equity ratio of 29.55.
• Recent insider transactions included the acquisition of shares by insiders Richard Howes and Karin Hoeing, indicating confidence in the company's performance.

Smiths Group plc (LON:SMIN - )'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 2,550 ($34.46) and last traded at GBX 2,476 ($33.46), with a volume of 3630146 shares. The stock had previously closed at GBX 2,378 ($32.14).

Smiths Group Price Performance

The stock's 50 day moving average price is GBX 2,342.91 and its two-hundred day moving average price is GBX 2,143.45. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market capitalization of £7.68 billion, a price-to-earnings ratio of 2,649.38, a PEG ratio of 0.35 and a beta of 0.66.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Richard Howes acquired 76 shares of the company's stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of GBX 2,340 per share, for a total transaction of £1,778.40. Also, insider Karin Hoeing acquired 242 shares of the company's stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of GBX 2,340 per share, for a total transaction of £5,662.80. Over the last ninety days, insiders have acquired 1,091 shares of company stock worth $1,643,119. Company insiders own 0.75% of the company's stock.

Smiths Group Company Profile

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.

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