Smiths Group (LON:SMIN) Stock Passes Above 200-Day Moving Average – Here’s Why

Smiths Group plc (LON:SMIN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,808.09 ($23.69) and traded as high as GBX 1,951 ($25.56). Smiths Group shares last traded at GBX 1,951 ($25.56), with a volume of 635,966 shares changing hands.

Smiths Group Price Performance

The stock’s fifty day simple moving average is GBX 2,000.04 and its 200 day simple moving average is GBX 1,809.87. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market capitalization of £6.44 billion, a P/E ratio of 26.27, a P/E/G ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN) last released its earnings results on Tuesday, March 25th. The company reported GBX 55.50 ($0.73) earnings per share (EPS) for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. On average, equities research analysts predict that Smiths Group plc will post 85.1295337 EPS for the current year.

Smiths Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 36 ($0.47) per share. This represents a yield of 0.71%. This is an increase from Smiths Group’s previous dividend of $30.20. The ex-dividend date of this dividend is Thursday, April 10th. Smiths Group’s dividend payout ratio (DPR) is presently 61.13%.

Insider Buying and Selling at Smiths Group

In other news, insider Richard Howes acquired 87 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of GBX 2,030 ($26.60) per share, with a total value of £1,766.10 ($2,314.07). Insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

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