Insider Buying: Smiths Group plc (LON:SMIN) Insider Purchases 770 Shares of Stock


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Smiths Group plc (LON:SMIN) insider George Buckley acquired 770 shares of the company’s stock in a transaction on Tuesday, May 4th. The shares were purchased at an average cost of GBX 1,624 ($21.22) per share, with a total value of £12,504.80 ($16,337.60).

Shares of LON:SMIN opened at GBX 1,589 ($20.76) on Wednesday. The firm’s 50 day simple moving average is GBX 1,580.09 and its 200 day simple moving average is GBX 1,515.63. Smiths Group plc has a fifty-two week low of GBX 1,140 ($14.89) and a fifty-two week high of GBX 1,738.57 ($22.71). The company has a market capitalization of £6.30 billion and a price-to-earnings ratio of 25.46. The company has a debt-to-equity ratio of 68.06, a current ratio of 2.94 and a quick ratio of 1.09.

The company also recently announced a dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 8th will be paid a GBX 11.70 ($0.15) dividend. This represents a yield of 0.76%. The ex-dividend date is Thursday, April 8th. This is an increase from Smiths Group’s previous dividend of $11.00. Smiths Group’s dividend payout ratio is presently 0.56%.

SMIN has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,700 ($22.21) price target on shares of Smiths Group in a research report on Monday, February 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of Smiths Group from GBX 1,700 ($22.21) to GBX 1,900 ($24.82) and gave the stock a “buy” rating in a report on Thursday, April 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Smiths Group has a consensus rating of “Buy” and an average price target of GBX 1,617.86 ($21.14).

About Smiths Group

Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths Detection, Flex-Tek, Smiths Interconnect divisions. The John Crane division offers mechanical seals, seal support systems, hydrodynamic bearings, packing materials, power transmission couplings, and specialized filtration systems.

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