Smiths Group plc (SMIN) Shares Up 0.4%

Smiths Group plc (LON:SMIN) shares shot up 0.4% on Wednesday . The stock traded as high as GBX 1,615 ($21.23) and last traded at GBX 1,610 ($21.17). 742,919 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 1,174,810 shares. The stock had previously closed at GBX 1,603 ($21.08).

Several research firms have weighed in on SMIN. Credit Suisse Group reiterated an “outperform” rating on shares of Smiths Group plc in a research note on Friday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 1,850 ($24.32) price objective on shares of Smiths Group plc in a research note on Friday, September 22nd. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,900 ($24.98) price objective on shares of Smiths Group plc in a research note on Friday, September 29th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,600 ($21.04) target price on shares of Smiths Group plc in a research report on Monday, September 25th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,730 ($22.75) target price on shares of Smiths Group plc in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,650 ($21.69).

Smiths Group plc (LON:SMIN) last released its quarterly earnings data on Friday, September 22nd. The company reported GBX 97.60 ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 94.20 ($1.24) by GBX 3.40 ($0.04). Smiths Group plc had a net margin of 16.18% and a return on equity of 27.36%. The firm had revenue of GBX 328 billion during the quarter.

The business also recently disclosed a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 29.70 ($0.39) per share. This represents a yield of 1.94%. This is a boost from Smiths Group plc’s previous dividend of $13.55. The ex-dividend date is Thursday, October 19th.

In related news, insider George Buckley acquired 431 shares of Smiths Group plc stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of GBX 1,544 ($20.30) per share, with a total value of £6,654.64 ($8,749.20).

COPYRIGHT VIOLATION NOTICE: “Smiths Group plc (SMIN) Shares Up 0.

Several research firms have weighed in on SMIN. Credit Suisse Group reiterated an “outperform” rating on shares of Smiths Group plc in a research note on Friday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 1,850 ($24.32) price objective on shares of Smiths Group plc in a research note on Friday, September 22nd. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,900 ($24.98) price objective on shares of Smiths Group plc in a research note on Friday, September 29th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,600 ($21.04) target price on shares of Smiths Group plc in a research report on Monday, September 25th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,730 ($22.75) target price on shares of Smiths Group plc in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,650 ($21.69).

Smiths Group plc (LON:SMIN) last released its quarterly earnings data on Friday, September 22nd. The company reported GBX 97.60 ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 94.20 ($1.24) by GBX 3.40 ($0.04). Smiths Group plc had a net margin of 16.18% and a return on equity of 27.36%. The firm had revenue of GBX 328 billion during the quarter.

The business also recently disclosed a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 29.70 ($0.39) per share. This represents a yield of 1.94%. This is a boost from Smiths Group plc’s previous dividend of $13.55. The ex-dividend date is Thursday, October 19th.

In related news, insider George Buckley acquired 431 shares of Smiths Group plc stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of GBX 1,544 ($20.30) per share, with a total value of £6,654.64 ($8,749.20).

COPYRIGHT VIOLATION NOTICE: “Smiths Group plc (SMIN) Shares Up 0.4%” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/13/smiths-group-plc-smin-shares-up-0-4.html.

About Smiths Group plc

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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