Spirax-Sarco Engineering (LON:SPX) Hits New 1-Year Low – Should You Sell?

Spirax-Sarco Engineering plc (LON:SPX)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 6,265 ($81.01) and last traded at GBX 6,285 ($81.26), with a volume of 414470 shares. The stock had previously closed at GBX 6,398.20 ($82.73).

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Spirax-Sarco Engineering from GBX 7,800 ($100.85) to GBX 7,700 ($99.56) and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Citigroup reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 8,478 ($109.62).

Spirax-Sarco Engineering Trading Down 2.1 %

The firm’s fifty day simple moving average is GBX 7,404.98 and its 200-day simple moving average is GBX 7,116.08. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock has a market cap of £4.61 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last released its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.70) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Equities research analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current fiscal year.

Spirax-Sarco Engineering Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a dividend of GBX 117.50 ($1.52) per share. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $47.50. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 1.7%. Spirax-Sarco Engineering’s dividend payout ratio is presently 62.13%.

Insiders Place Their Bets

In related news, insider Nimesh Patel sold 697 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($86.93), for a total value of £46,859.31 ($60,588.71). 0.73% of the stock is currently owned by corporate insiders.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.