Spirax-Sarco Engineering plc (LON:SPX) insider James Whalen sold 3,585 shares of the company’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of GBX 4,786 ($60.15), for a total value of £171,578.10 ($215,631.65).
Spirax-Sarco Engineering plc (LON:SPX) opened at 4749.00 on Tuesday. Spirax-Sarco Engineering plc has a 12-month low of GBX 3,250.00 and a 12-month high of GBX 4,835.00. The stock’s market capitalization is GBX 3.49 billion. The stock’s 50 day moving average price is GBX 4,568.94 and its 200-day moving average price is GBX 4,397.61.
The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be issued a dividend of GBX 53.50 ($0.67) per share. The ex-dividend date is Thursday, April 27th. This is a boost from Spirax-Sarco Engineering plc’s previous dividend of $22.50. This represents a yield of 1.16%.
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Several analysts have issued reports on SPX shares. Bank of America Corp upgraded Spirax-Sarco Engineering plc to a “buy” rating in a report on Wednesday, January 11th. Deutsche Bank AG restated a “buy” rating on shares of Spirax-Sarco Engineering plc in a report on Friday, February 3rd. Numis Securities Ltd upgraded Spirax-Sarco Engineering plc to an “add” rating in a report on Wednesday, November 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday, March 7th. Finally, BNP Paribas restated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a report on Friday, February 10th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 3,648.13 ($45.85).
About Spirax-Sarco Engineering plc
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. The Company’s segments include Europe, Middle East & Africa; Asia Pacific; Americas; Steam specialties business, and Watson-Marlow Fluid Technology Group (Watson-Marlow). The Company’s businesses include Spirax Sarco and Watson-Marlow.
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