Spectris plc (LON:SXS) Declares Dividend of GBX 56.60

Spectris plc (LON:SXS) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.75) per share on Friday, June 27th. This represents a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 112.8% increase from Spectris’s previous dividend of $26.60. The official announcement can be seen at this link.

Spectris Stock Performance

SXS stock traded up GBX 6 ($0.08) during trading on Tuesday, reaching GBX 2,198 ($28.96). The company had a trading volume of 291,339 shares, compared to its average volume of 1,300,994. The company has a market cap of £2.19 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. Spectris has a twelve month low of GBX 1,877 ($24.73) and a twelve month high of GBX 3,376 ($44.48). The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a 50-day simple moving average of GBX 2,200.77 and a 200-day simple moving average of GBX 2,505.03.

Spectris (LON:SXS) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.95) EPS for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, sell-side analysts expect that Spectris will post 194.7972456 earnings per share for the current year.

Wall Street Analyst Weigh In

SXS has been the subject of several research analyst reports. Shore Capital restated a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd. Berenberg Bank reduced their price target on shares of Spectris from GBX 3,180 ($41.90) to GBX 3,000 ($39.53) and set a “buy” rating for the company in a research report on Monday, March 10th.

Insider Transactions at Spectris

In other Spectris news, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($33.36), for a total value of £224,031.36 ($295,166.48). Also, insider Derek Harding bought 3,741 shares of the stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of GBX 2,085 ($27.47) per share, for a total transaction of £77,999.85 ($102,766.60). Company insiders own 1.21% of the company’s stock.

About Spectris

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.