Spirax-Sarco Engineering plc (LON:SPX) to Issue GBX 25.50 Dividend
Spirax-Sarco Engineering plc (LON:SPX) declared a dividend on Wednesday, August 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 12th will be given a dividend of GBX 25.50 ($0.33) per share on Friday, November 10th. This represents a yield of 0.44%. The ex-dividend date of this dividend is Thursday, October 12th. The official announcement can be viewed at this link.
Spirax-Sarco Engineering plc (LON:SPX) traded up 4.66% on Wednesday, reaching GBX 5835.00. 210,786 shares of the company traded hands. The company’s market capitalization is GBX 4.29 billion. Spirax-Sarco Engineering plc has a 12 month low of GBX 4,076.00 and a 12 month high of GBX 5,835.00. The company has a 50-day moving average price of GBX 5,512.66 and a 200-day moving average price of GBX 5,076.24.
SPX has been the subject of several research reports. Peel Hunt reaffirmed an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, May 9th. Liberum Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Friday, May 26th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, May 10th. Deutsche Bank AG reissued a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, May 3rd. Finally, Investec reissued a “not rated” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 3,825 ($49.81).
In other news, insider Kevin Boyd bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average cost of GBX 5,401 ($70.33) per share, with a total value of £54,010 ($70,334.68).
About Spirax-Sarco Engineering plc
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. The Company’s segments include Europe, Middle East & Africa; Asia Pacific; Americas; Steam specialties business, and Watson-Marlow Fluid Technology Group (Watson-Marlow). The Company’s businesses include Spirax Sarco and Watson-Marlow.
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