Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 117.50 ($1.56) per share on Friday, May 23rd. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 147.4% increase from Spirax-Sarco Engineering's previous dividend of $47.50. The official announcement can be accessed at this link.
Spirax-Sarco Engineering Price Performance
LON SPX traded up GBX 25 ($0.33) during trading hours on Friday, reaching GBX 5,945 ($79.16). The company's stock had a trading volume of 110,966 shares, compared to its average volume of 1,062,033. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock has a market cap of £4.38 billion, a PE ratio of 22.80, a PEG ratio of 2.20 and a beta of 0.68. The company's 50-day moving average is GBX 6,549.04 and its two-hundred day moving average is GBX 6,881.65. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,380 ($71.64) and a fifty-two week high of GBX 9,850 ($131.16).
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.81) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SPX. Shore Capital reissued a "sell" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. Citigroup reissued a "buy" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Spirax-Sarco Engineering from GBX 7,800 ($103.86) to GBX 7,700 ($102.53) and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 8,107.50 ($107.96).
Check Out Our Latest Stock Report on Spirax-Sarco Engineering
Insider Activity at Spirax-Sarco Engineering
In related news, insider Nimesh Patel sold 697 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($89.52), for a total value of £46,859.31 ($62,395.89). Insiders own 0.73% of the company's stock.
About Spirax-Sarco Engineering
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Spirax-Sarco Engineering rebrands as Spirax Group
On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.
Our new name respects our history and where we have come from, with who we are today.
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