Spectris plc (LON:SXS) Insider Sells £546,363.40 in Stock

Spectris plc (LON:SXS) insider Derek Harding sold 22,577 shares of Spectris stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($31.32), for a total transaction of £546,363.40 ($707,174.99).

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

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

Spectris Stock Down 1.4 %

Spectris stock opened at GBX 2,382 ($30.83) on Friday. The firm has a market cap of £2.37 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 2.74 and a beta of 0.61. Spectris plc has a 52-week low of GBX 2,366 ($30.62) and a 52-week high of GBX 3,430 ($44.40). The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a 50 day moving average price of GBX 2,775.03 and a two-hundred day moving average price of GBX 2,646.02.

Spectris (LON:SXS) last announced its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.92) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Equities analysts predict that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be paid a GBX 56.60 ($0.73) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Spectris’s previous dividend of $26.60. This represents a yield of 2.25%. Spectris’s payout ratio is 30.00%.

Analyst Upgrades and Downgrades

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

About Spectris

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.