UBS Group restated their buy rating on shares of Rotork (LON:ROR) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued reports about the stock. Berenberg Bank lifted their price objective on shares of Rotork from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the company a hold rating in a report on Thursday, August 15th. Goldman Sachs Group lifted their price objective on shares of Rotork from GBX 276 ($3.61) to GBX 285 ($3.72) and gave the company a neutral rating in a report on Wednesday, July 10th. Credit Suisse Group cut shares of Rotork to an underperform rating in a report on Wednesday, July 3rd. Jefferies Financial Group reiterated a hold rating on shares of Rotork in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Rotork from GBX 310 ($4.05) to GBX 330 ($4.31) and gave the company an overweight rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 315.15 ($4.12).
LON:ROR opened at GBX 321.90 ($4.21) on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 6.45. The stock has a market capitalization of $2.81 billion and a price-to-earnings ratio of 30.95. The firm has a fifty day simple moving average of GBX 305.96 and a two-hundred day simple moving average of GBX 301.17. Rotork has a 12 month low of GBX 232.60 ($3.04) and a 12 month high of GBX 342.50 ($4.48).
The company also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be given a dividend of GBX 2.30 ($0.03) per share. This represents a dividend yield of 0.74%. The ex-dividend date is Thursday, August 29th. Rotork’s payout ratio is currently 0.58%.
In other news, insider Jonathan Davis purchased 473 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of GBX 304 ($3.97) per share, with a total value of £1,437.92 ($1,878.90).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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