Spirax-Sarco Engineering plc (LON:SPX) declared a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 71 ($0.93) per share on Friday, May 24th. This represents a yield of 1.05%. The ex-dividend date is Thursday, April 25th. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $29.00. The official announcement can be accessed at this link.
Shares of LON SPX opened at GBX 8,350 ($109.11) on Wednesday. The company has a market cap of $6.04 billion and a price-to-earnings ratio of 27.65. The company has a debt-to-equity ratio of 55.14, a quick ratio of 1.80 and a current ratio of 2.49. Spirax-Sarco Engineering has a twelve month low of GBX 5,580 ($72.91) and a twelve month high of GBX 8,125 ($106.17).
A number of equities analysts have weighed in on SPX shares. Goldman Sachs Group lowered their price target on Spirax-Sarco Engineering from GBX 6,550 ($85.59) to GBX 6,445 ($84.22) and set a “neutral” rating on the stock in a research report on Tuesday, January 8th. Bank of America reissued a “buy” rating and set a GBX 7,000 ($91.47) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, January 8th. Morgan Stanley reissued an “equal weight” rating on shares of Spirax-Sarco Engineering in a research report on Monday, January 14th. BNP Paribas downgraded Spirax-Sarco Engineering to an “underperform” rating and decreased their target price for the company from GBX 6,300 ($82.32) to GBX 5,700 ($74.48) in a research report on Friday, January 25th. Finally, Peel Hunt decreased their target price on Spirax-Sarco Engineering from GBX 7,250 ($94.73) to GBX 7,100 ($92.77) and set an “add” rating on the stock in a research report on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Spirax-Sarco Engineering has an average rating of “Hold” and a consensus price target of GBX 6,575.42 ($85.92).
About Spirax-Sarco Engineering
Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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