Spectris plc (LON:SXS) Insider Purchases £77,999.85 in Stock

Spectris plc (LON:SXS) insider Derek Harding bought 3,741 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average price of GBX 2,085 ($26.89) per share, with a total value of £77,999.85 ($100,580.08).

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

• On Wednesday, March 26th, Derek Harding sold 22,577 shares of Spectris stock. The shares were sold at an average price of GBX 2,420 ($31.21), for a total value of £546,363.40 ($704,530.50).
• On Friday, March 7th, Derek Harding acquired 6 shares of Spectris stock. The shares were bought at an average price of GBX 2,667 ($34.39) per share, with a total value of £160.02 ($206.34).

Spectris Price Performance

Shares of LON SXS opened at GBX 2,050 ($26.43) on Friday. The stock has a market cap of £2.04 billion, a P/E ratio of 7.59, a P/E/G ratio of 2.74 and a beta of 0.61. The firm’s 50-day simple moving average is GBX 2,718.21 and its 200 day simple moving average is GBX 2,623.20. Spectris plc has a fifty-two week low of GBX 2,010 ($25.92) and a fifty-two week high of GBX 3,430 ($44.23). The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.91) EPS for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Equities analysts expect that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

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

Wall Street Analysts Forecast Growth

SXS has been the subject of several analyst reports. Berenberg Bank reduced their price target on shares of Spectris from GBX 3,180 ($41.01) to GBX 3,000 ($38.68) and set a “buy” rating for the company in a report on Monday, March 10th. Shore Capital restated a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Spectris has an average rating of “Buy” and a consensus target price of GBX 3,765 ($48.55).

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.