Spectris plc (LON:SXS) Insider Sells £546,363.40 in Stock

Spectris plc (LON:SXS) insider Derek Harding sold 22,577 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($31.32), for a total transaction of £546,363.40 ($707,174.99).

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

• On Friday, March 7th, Derek Harding acquired 6 shares of Spectris stock. The shares were bought at an average cost of GBX 2,667 ($34.52) per share, with a total value of £160.02 ($207.12).

Spectris Stock Down 1.4 %

LON:SXS opened at GBX 2,382 ($30.83) on Friday. The stock has a market cap of £2.37 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The stock has a 50-day moving average price of GBX 2,775.03 and a two-hundred day moving average price of GBX 2,644.88. Spectris plc has a 1 year low of GBX 2,366 ($30.62) and a 1 year high of GBX 3,430 ($44.40).

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

Spectris Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SXS shares. Shore Capital restated a “buy” rating on shares of Spectris in a report on Thursday, January 23rd. Berenberg Bank cut their price target on shares of Spectris from GBX 3,180 ($41.16) to GBX 3,000 ($38.83) and set a “buy” rating on the stock in a research report on Monday, March 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 3,765 ($48.73).

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.