Spectris plc (LON:SXS) Declares Dividend of GBX 26.60

Spectris plc (LON:SXS) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of GBX 26.60 ($0.34) per share on Friday, November 8th. This represents a dividend yield of 0.89%. The ex-dividend date is Thursday, October 3rd. The official announcement can be accessed at this link.

Spectris Price Performance

Shares of SXS traded down GBX 68 ($0.87) during midday trading on Tuesday, hitting GBX 2,934 ($37.74). 632,793 shares of the company traded hands, compared to its average volume of 249,454. The stock has a 50-day moving average of GBX 3,081.52 and a 200-day moving average of GBX 3,290.41. Spectris has a one year low of GBX 2,728 ($35.09) and a one year high of GBX 3,861 ($49.67). The firm has a market cap of £2.95 billion, a P/E ratio of 2,159.71, a PEG ratio of 2.74 and a beta of 0.69. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.89 and a quick ratio of 1.03.

Insiders Place Their Bets

In other news, insider Alison Henwood bought 1,053 shares of the company’s stock in a transaction on Friday, May 24th. The shares were acquired at an average cost of GBX 3,266 ($42.01) per share, with a total value of £34,390.98 ($44,238.46). Over the last three months, insiders have bought 1,061 shares of company stock valued at $3,465,350. Insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SXS. Berenberg Bank raised Spectris to a “buy” rating and upped their target price for the stock from GBX 3,520 ($45.28) to GBX 3,920 ($50.42) in a research note on Wednesday, July 24th. Jefferies Financial Group decreased their price objective on Spectris from GBX 4,435 ($57.05) to GBX 4,190 ($53.90) and set a “buy” rating for the company in a report on Friday, July 12th. Shore Capital reiterated a “hold” rating on shares of Spectris in a report on Tuesday, July 16th. Barclays reiterated an “overweight” rating and issued a GBX 4,250 ($54.67) price objective on shares of Spectris in a report on Friday, May 3rd. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 4,435 ($57.05) price objective on shares of Spectris in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,132.50 ($78.88).

Spectris Company Profile

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.