Johnson Matthey PLC (LON:JMAT) Increases Dividend to GBX 55 Per Share

Johnson Matthey PLC (LON:JMAT) announced a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 55 ($0.70) per share on Tuesday, August 6th. This represents a dividend yield of 3.04%. The ex-dividend date is Thursday, June 6th. This is a positive change from Johnson Matthey’s previous dividend of $22.00. The official announcement can be accessed at this link.

Johnson Matthey Trading Down 0.1 %

JMAT opened at GBX 1,784 ($22.67) on Friday. Johnson Matthey has a 12-month low of GBX 1,428.50 ($18.16) and a 12-month high of GBX 1,917.07 ($24.37). The company has a debt-to-equity ratio of 63.95, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market capitalization of £3.27 billion, a PE ratio of 1,858.33, a P/E/G ratio of 49,242.50 and a beta of 0.97. The firm’s fifty day moving average price is GBX 1,799.36 and its 200 day moving average price is GBX 1,678.71.

Insider Buying and Selling

In related news, insider Liam Condon bought 24 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average cost of GBX 1,767 ($22.46) per share, with a total value of £424.08 ($538.99). In other Johnson Matthey news, insider Stephen Oxley purchased 18 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of GBX 1,864 ($23.69) per share, with a total value of £335.52 ($426.44). Also, insider Liam Condon acquired 24 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of GBX 1,767 ($22.46) per share, with a total value of £424.08 ($538.99). In the last 90 days, insiders have purchased 60 shares of company stock valued at $109,638. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

JMAT has been the topic of several research analyst reports. Numis Securities reaffirmed a “buy” rating and set a GBX 2,200 ($27.96) price target on shares of Johnson Matthey in a research report on Wednesday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 ($26.69) target price on shares of Johnson Matthey in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Johnson Matthey in a research report on Wednesday, May 8th. They issued a “buy” rating and a GBX 2,400 ($30.50) target price for the company. Finally, Berenberg Bank upped their price target on Johnson Matthey from GBX 1,650 ($20.97) to GBX 1,800 ($22.88) and gave the company a “hold” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Johnson Matthey has an average rating of “Moderate Buy” and an average price target of GBX 1,993.33 ($25.33).

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.