Rotork plc (LON:ROR – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 346.40 ($4.40) and last traded at GBX 342.80 ($4.36), with a volume of 44108 shares traded. The stock had previously closed at GBX 340.60 ($4.33).
Analyst Ratings Changes
ROR has been the topic of several recent research reports. Shore Capital reissued a “hold” rating on shares of Rotork in a report on Tuesday, April 30th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 370 ($4.70) price target on shares of Rotork in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 300 ($3.81) price target on shares of Rotork in a research note on Wednesday, April 10th.
Check Out Our Latest Stock Report on Rotork
Rotork Stock Performance
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 given a GBX 4.65 ($0.06) dividend. This is an increase from Rotork’s previous dividend of $2.55. The ex-dividend date is Thursday, April 18th. This represents a yield of 1.47%. Rotork’s payout ratio is presently 5,384.62%.
About Rotork
Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.
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