Spirax-Sarco Engineering plc (LON:SPX) Insider Nimesh Patel Sells 697 Shares

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel sold 697 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($87.04), for a total value of £46,859.31 ($60,667.15).

Spirax-Sarco Engineering Stock Performance

Shares of LON SPX opened at GBX 6,570 ($85.06) on Friday. Spirax-Sarco Engineering plc has a 12-month low of GBX 6,350 ($82.21) and a 12-month high of £101.40 ($131.28). The company has a market cap of £4.84 billion, a PE ratio of 25.20, a P/E/G ratio of 2.20 and a beta of 0.68. The stock has a 50 day simple moving average of GBX 7,422.28 and a 200-day simple moving average of GBX 7,129.19. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last announced its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, equities research analysts forecast that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a GBX 117.50 ($1.52) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 1.7%. This is an increase from Spirax-Sarco Engineering’s previous dividend of $47.50. Spirax-Sarco Engineering’s dividend payout ratio is presently 62.13%.

Analyst Ratings Changes

A number of brokerages have weighed in on SPX. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. Citigroup reissued a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Spirax-Sarco Engineering from GBX 7,800 ($100.98) to GBX 7,700 ($99.69) and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Spirax-Sarco Engineering has an average rating of “Hold” and a consensus price target of GBX 8,478 ($109.76).

Spirax-Sarco Engineering Company Profile

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.