Insider Buying: Rotork (LON:ROR) Insider Buys 40 Shares of Stock

Rotork plc (LON:ROR) insider Kiet Huynh acquired 40 shares of Rotork stock in a transaction on Tuesday, February 10th. The stock was purchased at an average cost of GBX 371 per share, for a total transaction of £148.40.

Kiet Huynh also recently made the following trade(s):

• On Wednesday, December 10th, Kiet Huynh bought 45 shares of Rotork stock. The shares were purchased at an average price of GBX 327 per share, with a total value of £147.15.

Rotork Price Performance

Rotork stock traded up GBX 3.20 during mid-day trading on Wednesday, reaching GBX 377.20. 425,541 shares of the company’s stock traded hands, compared to its average volume of 20,576,689. Rotork plc has a 12-month low of GBX 266.80 and a 12-month high of GBX 378.40. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97. The stock has a 50 day moving average of GBX 339.63 and a two-hundred day moving average of GBX 339.51. The company has a market cap of £3.10 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 2.48 and a beta of 0.96.

Rotork announced that its board has authorized a share repurchase program on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on ROR shares. JPMorgan Chase & Co. lifted their price target on Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Panmure Gordon lifted their price objective on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rotork currently has a consensus rating of “Moderate Buy” and an average target price of GBX 397.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.