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

Key Points

• Smiths Group plc reached a new 52-week high of GBX 2,384.40 ($32.17), reflecting a 1.1% increase from its previous close.
• The company's current market capitalization is £7.78 billion, with a high P/E ratio of 2,685.46 and a PEG ratio of 0.35.
• Recent insider transactions included Roland Carter purchasing 773 shares and Richard Howes acquiring 76 shares, indicating insider confidence in the company's prospects.

Smiths Group plc (LON:SMIN - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,384.40 ($32.34) and last traded at GBX 2,384 ($32.34), with a volume of 289269 shares trading hands. The stock had previously closed at GBX 2,356 ($31.96).

Smiths Group Price Performance

The company has a market capitalization of £7.76 billion, a PE ratio of 2,676.44, 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 current ratio of 2.07 and a quick ratio of 1.29. The company's 50 day simple moving average is GBX 2,333.37 and its 200 day simple moving average is GBX 2,128.05.

Insider Buying and Selling at Smiths Group

In related news, insider Karin Hoeing purchased 242 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 2,340 per share, for a total transaction of £5,662.80. Also, insider Roland Carter purchased 773 shares of the company's stock in a transaction on Friday, August 1st. The stock was bought at an average price of GBX 1,163 per share, for a total transaction of £8,989.99. Insiders have purchased 1,091 shares of company stock worth $1,643,119 over the last three months. 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.