TT Electronics plc (LON:TTG) to Issue Dividend Increase – GBX 4.65 Per Share

TT Electronics plc (LON:TTG) declared a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 11th will be paid a dividend of GBX 4.65 ($0.06) per share on Wednesday, May 15th. This represents a yield of 3.33%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from TT Electronics’s previous dividend of $2.15. The official announcement can be accessed at this link.

TT Electronics Stock Up 1.6 %

Shares of TT Electronics stock opened at GBX 157 ($1.99) on Tuesday. The company has a market cap of £278.61 million, a price-to-earnings ratio of -5,233.33, a price-to-earnings-growth ratio of 0.60 and a beta of 0.91. The company’s 50 day moving average is GBX 151.22 and its 200 day moving average is GBX 156.10. TT Electronics has a twelve month low of GBX 133.60 ($1.69) and a twelve month high of GBX 199.80 ($2.53). The company has a quick ratio of 0.93, a current ratio of 2.06 and a debt-to-equity ratio of 74.42.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTG. Numis Securities restated a “buy” rating and set a GBX 260 ($3.29) price objective on shares of TT Electronics in a research report on Friday, March 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 260 ($3.29) price objective on shares of TT Electronics in a research note on Monday, March 11th.

Insider Activity at TT Electronics

In related news, insider Mark Hoad sold 54,120 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of GBX 156 ($1.97), for a total transaction of £84,427.20 ($106,856.35). 7.42% of the stock is currently owned by corporate insiders.

About TT Electronics

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.