Rotork plc (LON:ROR – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 314.99 ($3.92) and traded as high as GBX 326.20 ($4.06). Rotork shares last traded at GBX 320.40 ($3.99), with a volume of 582,216 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 370 ($4.61) price objective on shares of Rotork in a report on Wednesday, March 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 300 ($3.73) price objective on shares of Rotork in a report on Wednesday, April 10th. Finally, Shore Capital reiterated a “hold” rating on shares of Rotork in a report on Tuesday, March 5th.
Check Out Our Latest Stock Report on Rotork
Rotork Trading Down 1.1 %
Rotork Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 4.65 ($0.06) per share. This is a positive change from Rotork’s previous dividend of $2.55. This represents a yield of 1.47%. The ex-dividend date is Thursday, April 18th. Rotork’s dividend payout ratio (DPR) is 5,384.62%.
About Rotork
Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.
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