Insider Selling: Smiths Group plc (LON:SMIN) Insider Sells £419,725.53 in Stock

Smiths Group plc (LON:SMIN) insider Roland Carter sold 25,893 shares of Smiths Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of GBX 1,621 ($21.17), for a total value of £419,725.53 ($548,087.66).

Smiths Group Stock Performance

Shares of LON SMIN opened at GBX 1,633 ($21.32) on Friday. The company has a market capitalization of £5.60 billion, a PE ratio of 2,268.06, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. The company’s fifty day moving average price is GBX 1,738.23 and its 200 day moving average price is GBX 1,707.46. Smiths Group plc has a 1 year low of GBX 1,517.50 ($19.82) and a 1 year high of GBX 1,829 ($23.88).

Smiths Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 30.20 ($0.39) per share. The ex-dividend date is Thursday, October 17th. This is a boost from Smiths Group’s previous dividend of $13.55. This represents a dividend yield of 1.66%. Smiths Group’s dividend payout ratio (DPR) is 6,111.11%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank started coverage on Smiths Group in a report on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($24.16) target price on the stock.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.