Spirax-Sarco Engineering plc (SPX) to Issue Dividend of GBX 117.50 on May 23rd

Spirax-Sarco Engineering plc (LON:SPX) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 117.50 ($1.57) per share on Friday, May 23rd. This represents a yield of 1.7%. The ex-dividend date is Thursday, April 24th. This is a 147.4% increase from Spirax-Sarco Engineering’s previous dividend of $47.50. The official announcement can be seen at this link.

Spirax-Sarco Engineering Stock Performance

SPX stock opened at GBX 5,770 ($77.21) on Tuesday. The company has a market capitalization of £4.25 billion, a P/E ratio of 22.13, a PEG ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The company has a 50-day simple moving average of GBX 6,704.91 and a 200 day simple moving average of GBX 6,925.03. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,380 ($71.99) and a fifty-two week high of GBX 9,850 ($131.81).

Spirax-Sarco Engineering (LON:SPX) last released its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.83) EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Sell-side analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nimesh Patel sold 697 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($89.96), for a total value of £46,859.31 ($62,704.82). Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Spirax-Sarco Engineering from GBX 7,800 ($104.38) to GBX 7,700 ($103.04) and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th. Finally, Citigroup restated a “buy” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering presently has an average rating of “Hold” and an average target price of GBX 8,107.50 ($108.49).

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.