Derek Harding Sells 22,577 Shares of Spectris plc (LON:SXS) Stock

Spectris plc (LON:SXS) insider Derek Harding sold 22,577 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($31.16), for a total transaction of £546,363.40 ($703,442.00).

Derek Harding also recently made the following trade(s):

• On Friday, March 7th, Derek Harding purchased 6 shares of Spectris stock. The stock was bought at an average price of GBX 2,667 ($34.34) per share, with a total value of £160.02 ($206.03).

Spectris Price Performance

LON:SXS traded up GBX 10 ($0.13) during mid-day trading on Thursday, hitting GBX 2,410 ($31.03). 40,856,590 shares of the company’s stock traded hands, compared to its average volume of 1,882,153. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The company has a market cap of £2.40 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The firm’s 50 day simple moving average is GBX 2,786.43 and its 200 day simple moving average is GBX 2,649.55. Spectris plc has a 1 year low of GBX 2,366 ($30.46) and a 1 year high of GBX 3,430 ($44.16).

Spectris (LON:SXS) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.91) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Sell-side analysts expect that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 15th will be issued a GBX 56.60 ($0.73) dividend. This represents a dividend yield of 2.25%. This is a boost from Spectris’s previous dividend of $26.60. The ex-dividend date is Thursday, May 15th. Spectris’s payout ratio is 30.00%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Shore Capital restated a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Berenberg Bank lowered their price target on Spectris from GBX 3,180 ($40.94) to GBX 3,000 ($38.62) and set a “buy” rating on the stock in a report on Monday, March 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Spectris has a consensus rating of “Buy” and an average price target of GBX 3,765 ($48.47).

Spectris Company Profile

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.