Spectris plc (LON:SXS) Increases Dividend to GBX 56.60 Per Share

Spectris plc (LON:SXS) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, May 15th will be paid a dividend of GBX 56.60 ($0.75) per share on Friday, June 27th. This represents a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 112.8% increase from Spectris’s previous dividend of $26.60. The official announcement can be seen at this link.

Spectris Stock Performance

Shares of Spectris stock traded up GBX 4 ($0.05) during trading on Tuesday, hitting GBX 2,196 ($28.93). 290,102 shares of the company’s stock were exchanged, compared to its average volume of 1,300,980. The stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.74 and a beta of 0.61. Spectris has a 52-week low of GBX 1,877 ($24.73) and a 52-week high of GBX 3,376 ($44.48). The business has a 50-day simple moving average of GBX 2,200.77 and a 200-day simple moving average of GBX 2,505.03. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Spectris (LON:SXS) last posted its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.95) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. On average, research analysts forecast that Spectris will post 194.7972456 EPS for the current year.

Insider Activity

In related news, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($33.36), for a total value of £224,031.36 ($295,166.48). Also, insider Derek Harding purchased 3,741 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of GBX 2,085 ($27.47) per share, with a total value of £77,999.85 ($102,766.60). Insiders own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SXS shares. Shore Capital restated a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd. Berenberg Bank decreased their price target on shares of Spectris from GBX 3,180 ($41.90) to GBX 3,000 ($39.53) and set a “buy” rating for the company in a research note on Monday, March 10th.

About Spectris

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.