Smiths Group (SMIN) Stock Price Up 1.9%
Shares of Smiths Group plc (LON:SMIN) rose 1.9% on Tuesday . The stock traded as high as GBX 1,525 ($20.42) and last traded at GBX 1,522 ($20.38). Approximately 1,259,519 shares were traded during trading, an increase of 18% from the average daily volume of 1,070,000 shares. The stock had previously closed at GBX 1,494 ($20.01).
SMIN has been the subject of several recent analyst reports. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,730 ($23.17) target price on shares of Smiths Group in a research note on Tuesday, September 19th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 1,850 ($24.78) price target on shares of Smiths Group in a research note on Friday, September 22nd. Numis Securities reiterated a “hold” rating and issued a GBX 1,600 ($21.43) price target on shares of Smiths Group in a research note on Monday, September 25th. reiterated a “buy” rating and issued a GBX 1,900 ($25.45) price target on shares of Smiths Group in a research note on Friday, September 29th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Smiths Group in a research note on Friday, October 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Smiths Group currently has an average rating of “Buy” and a consensus target price of GBX 1,754.38 ($23.50).
Smiths Group (LON:SMIN) last posted its quarterly earnings results on Friday, September 22nd. The company reported GBX 97.60 ($1.31) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 94.20 ($1.26) by GBX 3.40 ($0.05). Smiths Group had a return on equity of 27.36% and a net margin of 16.17%. The business had revenue of GBX 328 billion during the quarter.
The business also recently announced a dividend, which was paid on Friday, November 17th. Shareholders of record on Thursday, October 19th were paid a GBX 29.70 ($0.40) dividend. This is an increase from Smiths Group’s previous dividend of $13.55. This represents a yield of 1.94%. The ex-dividend date was Thursday, October 19th.
In related news, insider George Buckley bought 1,111 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average cost of GBX 1,577 ($21.12) per share, for a total transaction of £17,520.47 ($23,463.87).
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About Smiths Group
Smiths Group plc is a technology company. The Company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect and Flex-Tek. The John Crane division offers mechanical seals, seal support systems, engineered bearings and power transmission couplings, among others. The Smiths Medical division offers infusion systems, vascular access (including safety needles), patient airway and temperature management equipment, and specialty devices in areas of in vitro fertilization, diagnostics and emergency patient transport.
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