Rotork plc (LON:ROR – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 314.99 ($3.92) and traded as high as GBX 326.20 ($4.06). Rotork shares last traded at GBX 320.40 ($3.99), with a volume of 582,216 shares changing hands.
Analyst Ratings Changes
Several brokerages recently issued reports on ROR. Shore Capital restated a “hold” rating on shares of Rotork in a report on Tuesday, March 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 370 ($4.61) target price on shares of Rotork in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 300 ($3.73) target price on shares of Rotork in a research report on Wednesday, April 10th.
Check Out Our Latest Stock Report on Rotork
Rotork Stock Performance
Rotork Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 4.65 ($0.06) per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Rotork’s previous dividend of $2.55. This represents a dividend yield of 1.47%. Rotork’s payout ratio is currently 5,384.62%.
Rotork Company Profile
Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.
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