Insider Selling: Spirax-Sarco Engineering plc (LON:SPX) Insider Sells 660 Shares of Stock

Spirax-Sarco Engineering plc (LON:SPXGet Free Report) insider Nimesh Patel sold 660 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of £105.27 ($134.02), for a total transaction of £69,478.20 ($88,450.92).

Spirax-Sarco Engineering Trading Down 1.5 %

Shares of Spirax-Sarco Engineering stock opened at £101.95 ($129.79) on Wednesday. The company has a debt-to-equity ratio of 97.01, a current ratio of 2.26 and a quick ratio of 1.73. The company has a market capitalization of £7.52 billion, a P/E ratio of 3,597.90, a P/E/G ratio of 7.52 and a beta of 0.71. The business has a 50 day moving average price of £101.59 and a 200 day moving average price of GBX 9,610.96. Spirax-Sarco Engineering plc has a 1 year low of GBX 7,900 ($100.57) and a 1 year high of £119.13 ($151.67).

Spirax-Sarco Engineering Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 114 ($1.45) per share. This is a boost from Spirax-Sarco Engineering’s previous dividend of $46.00. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, April 25th. Spirax-Sarco Engineering’s payout ratio is presently 5,594.41%.

Wall Street Analyst Weigh In

SPX has been the topic of a number of analyst reports. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Monday, December 18th. Numis Securities reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 7th. Berenberg Bank increased their price objective on Spirax-Sarco Engineering from GBX 8,800 ($112.03) to GBX 9,800 ($124.76) and gave the company a “hold” rating in a report on Friday, March 8th. Finally, Jefferies Financial Group raised shares of Spirax-Sarco Engineering to a “hold” rating and set a GBX 9,740 ($124.00) target price on the stock in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from, the stock has an average rating of “Hold” and an average target price of £102.13 ($130.02).

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Spirax-Sarco Engineering Company Profile

(Get Free Report)

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

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