Smiths Group plc (LON:SMIN) Declares Dividend Increase – GBX 30.20 Per Share

Smiths Group plc (LON:SMIN) declared a dividend on Tuesday, September 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 17th will be given a dividend of GBX 30.20 ($0.40) per share on Friday, November 22nd. This represents a yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 17th. This is an increase from Smiths Group’s previous dividend of $13.55. The official announcement can be seen at this link.

Smiths Group Stock Down 0.4 %

Shares of LON:SMIN opened at GBX 1,757 ($23.53) on Thursday. The company has a 50 day moving average of GBX 1,763.48 and a two-hundred day moving average of GBX 1,706.83. Smiths Group has a 52-week low of GBX 1,517.50 ($20.32) and a 52-week high of GBX 1,829 ($24.49). The company has a quick ratio of 1.29, a current ratio of 1.91 and a debt-to-equity ratio of 32.22. The company has a market capitalization of £6.02 billion, a price-to-earnings ratio of 2,672.73, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank assumed coverage on shares of Smiths Group in a report on Thursday, August 22nd. They set a “buy” rating and a GBX 1,850 ($24.77) price objective for the company.

Insiders Place Their Bets

In related news, insider Karin Hoeing purchased 317 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of GBX 1,778 ($23.81) per share, with a total value of £5,636.26 ($7,547.21). 0.61% of the stock is owned by corporate insiders.

Smiths Group Company Profile

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.