Smiths Group (LON:SMIN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,891.91 ($25.58) and traded as high as GBX 2,192 ($29.63). Smiths Group shares last traded at GBX 2,190 ($29.61), with a volume of 576,718 shares traded.

Smiths Group Stock Up 1.1%

The stock has a market cap of £7.46 billion, a P/E ratio of 30.43, a PEG ratio of 0.35 and a beta of 0.66. The firm has a 50-day simple moving average of GBX 1,932.37 and a two-hundred day simple moving average of GBX 1,891.91. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMIN) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 55.50 ($0.75) EPS for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. Equities research analysts expect that Smiths Group plc will post 85.1295337 earnings per share for the current fiscal year.

Smiths Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a dividend of GBX 36 ($0.49) per share. This is an increase from Smiths Group’s previous dividend of $30.20. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 0.71%. Smiths Group’s payout ratio is currently 61.13%.

Insider Activity

In other news, insider Richard Howes acquired 95 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was purchased at an average price of GBX 1,859 ($25.13) per share, for a total transaction of £1,766.05 ($2,387.52). Corporate insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.