Spectris plc (LON:SXS) Plans Dividend Increase - GBX 56.60 Per Share

Spectris plc (LON:SXS - Get Free Report) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.75) per share on Friday, June 27th. This represents a yield of 2.25%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 112.8% increase from Spectris's previous dividend of $26.60. The official announcement can be seen at this link.

Spectris Price Performance

LON SXS traded down GBX 8 ($0.11) on Friday, reaching GBX 2,070 ($27.50). The company's stock had a trading volume of 253,836 shares, compared to its average volume of 1,271,512. The firm has a market cap of £2.06 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The business has a 50-day moving average price of GBX 2,166.99 and a 200 day moving average price of GBX 2,493.79. Spectris has a 52 week low of GBX 1,877 ($24.93) and a 52 week high of GBX 3,328 ($44.21). The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.97) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Sell-side analysts expect that Spectris will post 194.7972456 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SXS shares. Berenberg Bank cut their target price on shares of Spectris from GBX 3,180 ($42.24) to GBX 3,000 ($39.85) and set a "buy" rating for the company in a research note on Monday, March 10th. Shore Capital reissued a "buy" rating on shares of Spectris in a report on Thursday, January 23rd.

Insider Activity

In other news, insider Derek Harding sold 22,577 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($32.15), for a total transaction of £546,363.40 ($725,774.97). Also, insider Andrew Heath sold 8,848 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($33.63), for a total transaction of £224,031.36 ($297,597.45). 1.21% of the stock is owned by insiders.

About Spectris

The experts in providing insight through precision measurement. Our purpose is to deliver value beyond measure – going beyond just the measurement. Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently. This equips them with the ability to reduce time to market, improve processes, quality and yield.