Smiths Group (LON:SMIN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Smiths Group plc (LON:SMIN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,800.52 ($23.18) and traded as high as GBX 2,004 ($25.80). Smiths Group shares last traded at GBX 1,997 ($25.71), with a volume of 873,870 shares trading hands.

Smiths Group Trading Down 2.2 %

The stock has a market cap of £6.73 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 0.35 and a beta of 0.66. The business has a 50-day simple moving average of GBX 1,985.63 and a two-hundred day simple moving average of GBX 1,802.37. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29.

Smiths Group (LON:SMIN) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 55.50 ($0.71) EPS for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. Equities analysts forecast that Smiths Group plc will post 85.1295337 EPS for the current fiscal year.

Smiths Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 10th will be issued a dividend of GBX 36 ($0.46) per share. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Smiths Group’s previous dividend of $30.20. This represents a dividend yield of 0.71%. Smiths Group’s payout ratio is 61.13%.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Richard Howes acquired 87 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of GBX 2,030 ($26.14) per share, with a total value of £1,766.10 ($2,273.85). Company insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.