Rotork’s (ROR) Buy Rating Reiterated at UBS Group
UBS Group reiterated their buy rating on shares of Rotork (LON:ROR) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently weighed in on ROR. Goldman Sachs Group boosted their price target on Rotork from GBX 276 ($3.61) to GBX 285 ($3.72) and gave the company a neutral rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price target on Rotork from GBX 310 ($4.05) to GBX 330 ($4.31) and gave the company an overweight rating in a report on Wednesday, August 7th. Berenberg Bank boosted their price target on Rotork from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the company a hold rating in a report on Thursday, August 15th. Morgan Stanley reiterated an equal weight rating on shares of Rotork in a report on Thursday, July 11th. Finally, Peel Hunt reiterated a buy rating on shares of Rotork in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 315.15 ($4.12).
ROR stock traded up GBX 4.10 ($0.05) on Thursday, reaching GBX 321.90 ($4.21). The company had a trading volume of 1,297,798 shares, compared to its average volume of 3,300,000. Rotork has a 1 year low of GBX 232.60 ($3.04) and a 1 year high of GBX 342.50 ($4.48). The company has a debt-to-equity ratio of 6.45, a quick ratio of 1.56 and a current ratio of 2.13. The company’s fifty day moving average is GBX 305.61 and its 200 day moving average is GBX 301.01. The company has a market cap of $2.79 billion and a P/E ratio of 30.95.
The firm also recently declared a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be issued a GBX 2.30 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 0.74%. Rotork’s dividend payout ratio (DPR) is presently 0.58%.
In other Rotork news, insider Jonathan Davis purchased 473 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of GBX 304 ($3.97) per share, for a total transaction of £1,437.92 ($1,878.90).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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