Derek Harding Sells 22,577 Shares of Spectris plc (LON:SXS) Stock

Spectris plc (LON:SXS) insider Derek Harding sold 22,577 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($31.32), for a total value of £546,363.40 ($707,174.99).

Derek Harding also recently made the following trade(s):

• On Friday, March 7th, Derek Harding purchased 6 shares of Spectris stock. The shares were bought at an average cost of GBX 2,667 ($34.52) per share, for a total transaction of £160.02 ($207.12).

Spectris Stock Down 1.4 %

SXS stock opened at GBX 2,382 ($30.83) on Friday. The business’s 50 day simple moving average is GBX 2,775.03 and its 200 day simple moving average is GBX 2,644.88. Spectris plc has a 1-year low of GBX 2,366 ($30.62) and a 1-year high of GBX 3,430 ($44.40). The firm has a market capitalization of £2.37 billion, a PE ratio of 8.82, a PEG ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.92) EPS for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, research analysts anticipate that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.73) per share. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from Spectris’s previous dividend of $26.60. This represents a yield of 2.25%. Spectris’s dividend payout ratio (DPR) is 30.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SXS shares. Berenberg Bank decreased their target price on shares of Spectris from GBX 3,180 ($41.16) to GBX 3,000 ($38.83) and set a “buy” rating for the company in a research note on Monday, March 10th. Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 3,765 ($48.73).

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.