Spectris plc (LON:SXS) Insider Sells £61,107.09 in Stock

Spectris plc (LON:SXS) insider Derek Harding sold 1,909 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.51), for a total transaction of £61,107.09 ($77,340.96).

Spectris Stock Up 1.2 %

Shares of SXS opened at GBX 3,264 ($41.31) on Wednesday. The company has a market capitalization of £3.29 billion, a price-to-earnings ratio of 2,331.43, a PEG ratio of 2.74 and a beta of 0.72. Spectris plc has a 52 week low of GBX 2,917 ($36.92) and a 52 week high of GBX 3,883.85 ($49.16). The stock’s 50-day moving average price is GBX 3,448.33 and its 200-day moving average price is GBX 3,427.86. The company has a quick ratio of 1.03, a current ratio of 1.89 and a debt-to-equity ratio of 4.76.

Spectris Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be issued a GBX 53.90 ($0.68) dividend. The ex-dividend date is Thursday, May 16th. This is an increase from Spectris’s previous dividend of $25.30. This represents a yield of 1.49%. Spectris’s payout ratio is presently 5,642.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SXS. Berenberg Bank reduced their target price on Spectris from GBX 3,780 ($47.84) to GBX 3,520 ($44.55) and set a “hold” rating for the company in a research note on Friday, March 1st. Stifel Nicolaus lowered shares of Spectris to a “sell” rating and set a GBX 8,500 ($107.58) price target for the company. in a research report on Friday, March 8th. Finally, Shore Capital downgraded shares of Spectris to a “sell” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 6,946.25 ($87.92).

About Spectris

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.