Insider Buying: Smiths Group (SMIN) Insider Buys 782 Shares of Stock

Smiths Group (LON:SMIN) insider George Buckley bought 782 shares of Smiths Group stock in a transaction that occurred on Tuesday, May 1st. The stock was purchased at an average cost of GBX 1,599 ($21.69) per share, for a total transaction of £12,504.18 ($16,961.72).

George Buckley also recently made the following trade(s):

  • On Thursday, February 1st, George Buckley bought 782 shares of Smiths Group stock. The stock was purchased at an average cost of GBX 1,599 ($21.69) per share, for a total transaction of £12,504.18 ($16,961.72).

SMIN stock traded up GBX 10.50 ($0.14) during midday trading on Friday, reaching GBX 1,700 ($23.06). 1,040,544 shares of the company were exchanged, compared to its average volume of 1,190,000. Smiths Group has a 1-year low of GBX 1,442 ($19.56) and a 1-year high of GBX 1,697 ($23.02).

Smiths Group (LON:SMIN) last announced its earnings results on Friday, March 23rd. The company reported GBX 40.40 ($0.55) EPS for the quarter, missing analysts’ consensus estimates of GBX 44.10 ($0.60) by GBX (3.70) (($0.05)). The business had revenue of GBX 154.90 billion during the quarter. Smiths Group had a net margin of 16.17% and a return on equity of 27.36%.

The firm also recently announced a dividend, which was paid on Monday, April 23rd. Stockholders of record on Thursday, April 5th were issued a GBX 13.80 ($0.19) dividend. The ex-dividend date was Thursday, April 5th. This represents a dividend yield of 0.94%.

SMIN has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating on shares of Smiths Group in a report on Monday, March 26th. HSBC reaffirmed a “buy” rating and issued a GBX 1,850 ($25.09) target price on shares of Smiths Group in a report on Thursday, March 29th. Numis Securities cut shares of Smiths Group to a “reduce” rating and set a GBX 1,380 ($18.72) price objective on the stock. in a report on Friday, March 23rd. Jefferies Group reissued a “hold” rating and set a GBX 1,575 ($21.36) price objective on shares of Smiths Group in a report on Thursday, February 22nd. Finally, Morgan Stanley cut their price objective on shares of Smiths Group from GBX 1,640 ($22.25) to GBX 1,610 ($21.84) and set an “equal weight” rating on the stock in a report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Smiths Group currently has a consensus rating of “Buy” and an average target price of GBX 1,717.92 ($23.30).

About Smiths Group

Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions.

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