Shares of Smiths Group plc (LON:SMIN) were up 1.4% on Monday . The stock traded as high as GBX 1,504 ($20.24) and last traded at GBX 1,481 ($19.93). Approximately 1,150,781 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 1,040,000 shares. The stock had previously closed at GBX 1,460 ($19.65).
Several equities analysts have recently weighed in on SMIN shares. Goldman Sachs Group reiterated a “buy” rating and set a GBX 1,850 ($24.90) price objective on shares of Smiths Group in a report on Friday, September 22nd. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($24.23) target price on shares of Smiths Group in a report on Wednesday, November 15th. restated a “buy” rating and issued a GBX 1,900 ($25.57) target price on shares of Smiths Group in a report on Friday, September 29th. Numis Securities restated a “hold” rating and issued a GBX 1,600 ($21.53) target price on shares of Smiths Group in a report on Monday, September 25th. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 1,750 ($23.55) target price on shares of Smiths Group in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Smiths Group has a consensus rating of “Buy” and an average target price of GBX 1,754.38 ($23.61).
Smiths Group (LON:SMIN) last posted its earnings results on Friday, September 22nd. The company reported GBX 97.60 ($1.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 94.20 ($1.27) by GBX 3.40 ($0.05). Smiths Group had a net margin of 16.17% and a return on equity of 27.36%. The business had revenue of GBX 328 billion for the quarter.
The company 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. The ex-dividend date was Thursday, October 19th. This is a boost from Smiths Group’s previous dividend of $13.55. This represents a yield of 1.94%.
In related news, insider George Buckley acquired 1,111 shares of the stock in a transaction dated Wednesday, November 1st. The shares were purchased at an average price of GBX 1,577 ($21.22) per share, for a total transaction of £17,520.47 ($23,580.71).
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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