Spectris plc (LON:SXS) Insider Derek Harding Sells 22,577 Shares

Spectris plc (LON:SXS) insider Derek Harding sold 22,577 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($31.33), for a total transaction of £546,363.40 ($707,358.10).

Derek Harding also recently made the following trade(s):

• On Friday, March 7th, Derek Harding bought 6 shares of Spectris stock. The shares were bought at an average price of GBX 2,667 ($34.53) per share, for a total transaction of £160.02 ($207.17).

Spectris Trading Up 0.4 %

Shares of LON SXS opened at GBX 2,410 ($31.20) on Friday. Spectris plc has a fifty-two week low of GBX 2,366 ($30.63) and a fifty-two week high of GBX 3,430 ($44.41). The firm has a market capitalization of £2.40 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company’s 50 day simple moving average is GBX 2,781.55 and its 200 day simple moving average is GBX 2,647.87.

Spectris (LON:SXS) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.92) earnings per share for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. On average, analysts predict that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be issued a dividend of GBX 56.60 ($0.73) per share. The ex-dividend date is Thursday, May 15th. This represents a yield of 2.25%. This is a boost from Spectris’s previous dividend of $26.60. Spectris’s dividend payout ratio (DPR) is 30.00%.

Analyst Upgrades and Downgrades

SXS has been the subject of several research analyst reports. Berenberg Bank dropped their price objective on shares of Spectris from GBX 3,180 ($41.17) to GBX 3,000 ($38.84) and set a “buy” rating for the company in a research report on Monday, March 10th. Shore Capital restated a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 3,765 ($48.74).

Spectris Company Profile

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.