Smiths Group (LON:SMIN) Hits New 52-Week High – Should You Buy?

Smiths Group plc (LON:SMINGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,188.22 ($29.69) and last traded at GBX 2,184 ($29.63), with a volume of 2003289 shares traded. The stock had previously closed at GBX 2,134 ($28.96).

Smiths Group Trading Up 2.6%

The business has a 50-day moving average of GBX 1,910.48 and a 200 day moving average of GBX 1,867.66. The stock has a market cap of £7.46 billion, a PE ratio of 30.43, a PEG ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07.

Smiths Group (LON:SMINGet Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 55.50 ($0.75) EPS for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. Equities research analysts predict that Smiths Group plc will post 85.1295337 EPS for the current fiscal year.

Smiths Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a dividend of GBX 36 ($0.49) per share. This is a boost from Smiths Group’s previous dividend of $30.20. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 0.71%. Smiths Group’s dividend payout ratio (DPR) is 61.13%.

Insider Activity

In related news, insider Richard Howes acquired 95 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of GBX 1,859 ($25.22) per share, for a total transaction of £1,766.05 ($2,396.27). Company insiders own 0.61% of the company’s stock.

About Smiths Group

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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.

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