Royal Bank of Canada Reiterates Outperform Rating for Rotork (LON:ROR)

Royal Bank of Canada reiterated their outperform rating on shares of Rotork (LON:ROR) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.

ROR has been the topic of several other research reports. Morgan Stanley reiterated an equal weight rating on shares of Rotork in a research note on Thursday, July 11th. Berenberg Bank upped 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 research note on Thursday, August 15th. JPMorgan Chase & Co. upped 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 research note on Wednesday, August 7th. Deutsche Bank reiterated a hold rating on shares of Rotork in a research note on Friday, September 6th. Finally, Peel Hunt reiterated a buy rating on shares of Rotork in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 315.15 ($4.12).

ROR stock opened at GBX 295.50 ($3.86) on Wednesday. Rotork has a 52-week low of GBX 232.60 ($3.04) and a 52-week high of GBX 330.70 ($4.32). The company’s 50 day simple moving average is GBX 309.19 and its 200-day simple moving average is GBX 304.27. The company has a debt-to-equity ratio of 6.45, a current ratio of 2.13 and a quick ratio of 1.56. The firm has a market capitalization of $2.58 billion and a P/E ratio of 28.41.

Rotork (LON:ROR) last released its quarterly earnings results on Tuesday, August 6th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 5.30 ($0.07) by GBX 0.50 ($0.01). Sell-side analysts predict that Rotork will post 1364.9999036 EPS for the current fiscal year.

The firm also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 29th were paid a dividend of GBX 2.30 ($0.03) per share. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 0.74%. Rotork’s dividend payout ratio (DPR) is 0.58%.

In other Rotork news, insider Jonathan Davis purchased 473 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of GBX 304 ($3.97) per share, for a total transaction of £1,437.92 ($1,878.90).

About Rotork

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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Analyst Recommendations for Rotork (LON:ROR)

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