Smiths Group (LON:SMIN) Posts Quarterly Earnings Results

Smiths Group (LON:SMIN) released its quarterly earnings results on Tuesday. The company reported GBX 55.50 ($0.71) earnings per share for the quarter, Digital Look Earnings reports. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%.

Smiths Group Price Performance

SMIN stock traded down GBX 16.50 ($0.21) during midday trading on Thursday, reaching GBX 1,957.50 ($25.20). The company had a trading volume of 123,131,180 shares, compared to its average volume of 7,417,173. The company has a market capitalization of £6.67 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. Smiths Group has a 1-year low of GBX 1,514.66 ($19.50) and a 1-year high of GBX 2,188 ($28.17). The stock has a 50 day moving average price of GBX 1,990.33 and a 200-day moving average price of GBX 1,803.85.

Smiths Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 36 ($0.46) per share. This represents a dividend yield of 0.71%. This is an increase from Smiths Group’s previous dividend of $30.20. The ex-dividend date is Thursday, April 10th. Smiths Group’s dividend payout ratio is presently 61.13%.

Insider Buying and Selling at Smiths Group

In other news, insider Richard Howes bought 87 shares of the stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of GBX 2,030 ($26.14) per share, with a total value of £1,766.10 ($2,273.85). Company 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.