Spirax-Sarco Engineering plc (LON:SPX) Receives Average Rating of “Hold” from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 8,107.50 ($103.60).

A number of equities research analysts have commented on SPX shares. JPMorgan Chase & Co. reduced their target price on Spirax-Sarco Engineering from GBX 7,800 ($99.67) to GBX 7,700 ($98.39) and set a “neutral” rating for the company in a report on Wednesday, March 12th. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th.

Spirax-Sarco Engineering Stock Performance

LON:SPX opened at GBX 5,572.55 ($71.21) on Friday. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm has a market cap of £4.10 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The firm’s fifty day moving average price is GBX 7,015.86 and its 200 day moving average price is GBX 7,005.67. Spirax-Sarco Engineering has a 1-year low of GBX 5,380 ($68.75) and a 1-year high of GBX 9,850 ($125.86).

Spirax-Sarco Engineering (LON:SPX) last issued its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.66) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. On average, sell-side analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 117.50 ($1.50) per share. This represents a dividend yield of 1.7%. This is a boost from Spirax-Sarco Engineering’s previous dividend of $47.50. The ex-dividend date of this dividend is Thursday, April 24th. Spirax-Sarco Engineering’s dividend payout ratio (DPR) is 62.13%.

Insider Activity at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Nimesh Patel sold 697 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($85.91), for a total transaction of £46,859.31 ($59,876.45). 0.73% of the stock is owned by corporate insiders.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.