Smiths Group (LON:SMIN) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Smiths Group plc (LON:SMIN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,930.41 ($25.96) and traded as high as GBX 2,260 ($30.39). Smiths Group shares last traded at GBX 2,250 ($30.26), with a volume of 644,891 shares traded.

Smiths Group Price Performance

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 market cap of £7.51 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 0.35 and a beta of 0.66. The business has a fifty day moving average price of GBX 2,041.75 and a 200 day moving average price of GBX 1,938.55.

Smiths Group (LON:SMIN - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported GBX 55.50 ($0.75) EPS for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. As a group, research analysts anticipate that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Smiths Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were given a dividend of GBX 36 ($0.48) per share. The ex-dividend date was Thursday, April 10th. This represents a yield of 0.71%. This is a positive change from Smiths Group's previous dividend of $30.20. Smiths Group's payout ratio is currently 61.13%.

Insider Buying and Selling

In other news, insider Richard Howes acquired 95 shares of Smiths Group stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of GBX 1,859 ($25.00) per share, for a total transaction of £1,766.05 ($2,375.00). 0.61% 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.