Rotork (LON:ROR) Stock Passes Above 200 Day Moving Average of $312.71

Rotork plc (LON:ROR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 312.71 ($3.95) and traded as high as GBX 336.20 ($4.25). Rotork shares last traded at GBX 326.80 ($4.13), with a volume of 488,046 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Shore Capital reissued a “hold” rating on shares of Rotork in a report on Tuesday, March 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 370 ($4.68) target price on shares of Rotork in a research note on Wednesday, March 6th.

Rotork Trading Down 0.6 %

The company has a quick ratio of 2.16, a current ratio of 3.09 and a debt-to-equity ratio of 1.92. The company’s fifty day moving average price is GBX 318.86 and its two-hundred day moving average price is GBX 312.71. The firm has a market cap of £2.81 billion, a PE ratio of 2,723.33, a P/E/G ratio of 2.48 and a beta of 1.00.

Rotork Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be issued a GBX 4.65 ($0.06) dividend. This represents a yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Rotork’s previous dividend of $2.55. Rotork’s payout ratio is currently 5,833.33%.

About Rotork

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.