Insider Selling: Spectris plc (LON:SXS) Insider Sells £224,031.36 in Stock

Spectris plc (LON:SXS) insider Andrew Heath sold 8,848 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($32.69), for a total value of £224,031.36 ($289,259.34).

Andrew Heath also recently made the following trade(s):

• On Friday, February 7th, Andrew Heath acquired 5 shares of Spectris stock. The stock was bought at an average cost of GBX 3,012 ($38.89) per share, with a total value of £150.60 ($194.45).
• On Wednesday, January 8th, Andrew Heath purchased 6 shares of Spectris stock. The shares were acquired at an average cost of GBX 2,512 ($32.43) per share, with a total value of £150.72 ($194.60).

Spectris Stock Performance

Shares of SXS opened at GBX 2,458 ($31.74) on Friday. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The business’s 50 day moving average price is GBX 2,795.87 and its 200-day moving average price is GBX 2,661.62. Spectris plc has a 52 week low of GBX 2,370 ($30.60) and a 52 week high of GBX 3,430 ($44.29). The stock has a market cap of £2.45 billion, a P/E ratio of 9.10, a P/E/G ratio of 2.74 and a beta of 0.61.

Spectris (LON:SXS) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.91) earnings per share (EPS) for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. Equities research analysts anticipate that Spectris plc will post 194.7972456 earnings per share for the current fiscal year.

Spectris Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, May 15th will be given a GBX 56.60 ($0.73) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Spectris’s previous dividend of $26.60. This represents a yield of 2.25%. Spectris’s dividend payout ratio is 30.00%.

Analyst Ratings Changes

Several research firms recently issued reports on SXS. Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd. Berenberg Bank lowered their price target on Spectris from GBX 3,180 ($41.06) to GBX 3,000 ($38.73) and set a “buy” rating on the stock in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 3,765 ($48.61).

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.