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 on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($87.02), for a total value of £46,859.31 ($60,651.45).

Spirax-Sarco Engineering Trading Down 2.5 %

Shares of LON SPX opened at GBX 6,405 ($82.90) on Friday. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering plc has a twelve month low of GBX 6,350 ($82.19) and a twelve month high of £101.40 ($131.25). The company’s fifty day moving average is GBX 7,404.98 and its 200-day moving average is GBX 7,116.08. The stock has a market cap of £4.72 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last posted 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%. Equities research analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPX shares. Citigroup restated a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Spirax-Sarco Engineering from GBX 7,800 ($100.96) to GBX 7,700 ($99.66) and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Spirax-Sarco Engineering has a consensus rating of “Hold” and a consensus price target of GBX 8,478 ($109.73).

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.