Rotork plc (LON:ROR – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 316.15 ($3.97) and traded as high as GBX 331.20 ($4.16). Rotork shares last traded at GBX 331.20 ($4.16), with a volume of 1,728,521 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts have recently commented on ROR shares. Berenberg Bank reiterated a “buy” rating and set a GBX 370 ($4.65) price target on shares of Rotork in a report on Wednesday, March 6th. Shore Capital reiterated a “hold” rating on shares of Rotork in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 300 ($3.77) price target on shares of Rotork in a research note on Wednesday, April 10th.
View Our Latest Stock Analysis on ROR
Rotork Price Performance
Rotork Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be issued a GBX 4.65 ($0.06) dividend. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Rotork’s previous dividend of $2.55. 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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