Spectris plc (SXS) To Go Ex-Dividend on May 15th

Spectris plc (LON:SXS) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 56.60 ($0.75) per share on Friday, June 27th. This represents a dividend 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 viewed at this link.

Spectris Price Performance

SXS traded up GBX 6 ($0.08) during trading on Tuesday, reaching GBX 2,198 ($28.96). 291,339 shares of the company traded hands, compared to its average volume of 1,300,994. The company has a market cap of £2.19 billion, a P/E ratio of 8.14, a PEG ratio of 2.74 and a beta of 0.61. Spectris has a 12-month low of GBX 1,877 ($24.73) and a 12-month high of GBX 3,376 ($44.48). The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a fifty day simple moving average of GBX 2,200.77 and a 200 day simple moving average of GBX 2,505.03.

Spectris (LON:SXS) last posted its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.95) EPS for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. On average, equities analysts forecast that Spectris will post 194.7972456 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Heath sold 8,848 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($33.36), for a total value of £224,031.36 ($295,166.48). Also, insider Derek Harding acquired 3,741 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of GBX 2,085 ($27.47) per share, for a total transaction of £77,999.85 ($102,766.60). 1.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SXS. Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Berenberg Bank reduced their target price on Spectris from GBX 3,180 ($41.90) to GBX 3,000 ($39.53) and set a “buy” rating on the stock in a research note on Monday, March 10th.

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.