Rotork (LON:ROR) Stock Price Crosses Above Two Hundred Day Moving Average of $316.10

Shares of Rotork plc (LON:ROR – Get Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 316.10 ($3.93) and traded as high as GBX 327.20 ($4.07). Rotork shares last traded at GBX 325.60 ($4.05), with a volume of 532,718 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Peel Hunt reissued an “add” rating and set a GBX 350 ($4.35) target price on shares of Rotork in a research note on Tuesday, February 28th. Jefferies Financial Group reissued a “hold” rating and set a GBX 350 ($4.35) target price on shares of Rotork in a research note on Tuesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Rotork from GBX 330 ($4.10) to GBX 345 ($4.29) and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Finally, Shore Capital upgraded shares of Rotork to a “hold” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rotork currently has an average rating of “Moderate Buy” and a consensus price target of GBX 339 ($4.22).

Rotork Trading Up 1.0 %

The company has a current ratio of 3.27, a quick ratio of 2.16 and a debt-to-equity ratio of 1.50. The firm has a market cap of £2.80 billion, a PE ratio of 2,960.00, a P/E/G ratio of 2.48 and a beta of 1.11. The company’s 50-day moving average is GBX 319.75 and its 200 day moving average is GBX 316.10.

Rotork Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 19th. Investors of record on Thursday, April 13th were given a GBX 4.30 ($0.05) dividend. This represents a dividend yield of 1.33%. The ex-dividend date was Thursday, April 13th. This is an increase from Rotork’s previous dividend of $2.40. Rotork’s dividend payout ratio is 6,363.64%.

Insider Buying and Selling at Rotork

In related news, insider Karin Meurk-Harvey acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of GBX 299 ($3.72) per share, for a total transaction of £5,980 ($7,437.81). In other Rotork news, insider Jonathan Davis sold 13,401 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of GBX 328 ($4.08), for a total value of £43,955.28 ($54,670.75). Also, insider Karin Meurk-Harvey purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of GBX 299 ($3.72) per share, for a total transaction of £5,980 ($7,437.81). Company insiders own 0.68% of the company’s stock.

Rotork Company Profile

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Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.