Shares of Smiths Group plc (LON:SMIN) traded down 0% on Wednesday . The company traded as low as GBX 1,461 ($19.66) and last traded at GBX 1,465 ($19.72). 1,465,166 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 1,050,000 shares. The stock had previously closed at GBX 1,465 ($19.72).
A number of analysts have weighed in on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,730 ($23.28) price target on shares of Smiths Group in a research report on Friday, December 8th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Smiths Group in a research report on Thursday, December 7th. Numis Securities reaffirmed a “hold” rating and issued a GBX 1,600 ($21.53) price target on shares of Smiths Group in a research report on Tuesday, December 5th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,750 ($23.55) price target on shares of Smiths Group in a research report on Monday, December 4th. Finally, reaffirmed a “buy” rating and issued a GBX 1,900 ($25.57) price target on shares of Smiths Group in a research report on Friday, September 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,754.38 ($23.61).
Smiths Group (LON:SMIN) last posted its quarterly earnings data on Friday, September 22nd. The company reported GBX 97.60 ($1.31) EPS for the quarter, topping analysts’ consensus estimates of GBX 94.20 ($1.27) by GBX 3.40 ($0.05). The business had revenue of GBX 328 billion for the quarter. Smiths Group had a return on equity of 27.36% and a net margin of 16.17%.
The company also recently declared a dividend, which was paid on Friday, November 17th. Investors of record on Thursday, October 19th were paid a dividend of GBX 29.70 ($0.40) per share. This represents a yield of 1.94%. This is a positive change from Smiths Group’s previous dividend of $13.55. The ex-dividend date of this dividend was Thursday, October 19th.
In other news, insider George Buckley purchased 1,111 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average cost of GBX 1,577 ($21.22) per share, for a total transaction of £17,520.47 ($23,580.71).
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Smiths Group Company Profile
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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