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

Spectris plc (LON:SXS) insider Derek Harding purchased 3,741 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of GBX 2,085 ($26.88) per share, for a total transaction of £77,999.85 ($100,541.18).

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

• On Wednesday, March 26th, Derek Harding sold 22,577 shares of Spectris stock. The stock was sold at an average price of GBX 2,420 ($31.19), for a total value of £546,363.40 ($704,258.06).
• On Friday, March 7th, Derek Harding bought 6 shares of Spectris stock. The stock was bought at an average cost of GBX 2,667 ($34.38) per share, for a total transaction of £160.02 ($206.26).

Spectris Trading Down 3.1 %

LON:SXS opened at GBX 2,050 ($26.42) on Monday. The stock has a market cap of £2.04 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. Spectris plc has a 1 year low of GBX 2,010 ($25.91) and a 1 year high of GBX 3,430 ($44.21). The business has a fifty day moving average of GBX 2,718.21 and a 200-day moving average of GBX 2,621.81.

Spectris (LON:SXS) last announced its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.91) earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Equities analysts predict that Spectris plc will post 194.7972456 earnings per share 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 is Thursday, May 15th. Spectris’s dividend payout ratio is 30.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SXS shares. Berenberg Bank lowered their price target on shares of Spectris from GBX 3,180 ($40.99) to GBX 3,000 ($38.67) and set a “buy” rating for the company in a research 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, According to data from MarketBeat, Spectris has an average rating of “Buy” and an average price target of GBX 3,765 ($48.53).

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.