Smiths Group (SMIN) Sets New 1-Year Low at $1,353.00

Smiths Group plc (LON:SMIN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,353 ($17.68) and last traded at GBX 1,353 ($17.68), with a volume of 1701966 shares. The stock had previously closed at GBX 1,403.50 ($18.34).

Several research firms recently issued reports on SMIN. Numis Securities reiterated a “hold” rating and issued a GBX 1,600 ($20.91) price objective on shares of Smiths Group in a report on Tuesday, September 25th. Deutsche Bank lowered shares of Smiths Group to a “hold” rating and decreased their target price for the stock from GBX 1,750 ($22.87) to GBX 1,665 ($21.76) in a research note on Tuesday, September 25th. Barclays decreased their target price on shares of Smiths Group from GBX 1,800 ($23.52) to GBX 1,770 ($23.13) and set an “overweight” rating on the stock in a research note on Tuesday, September 18th. Citigroup reissued a “buy” rating and issued a GBX 1,800 ($23.52) target price (down from GBX 1,850 ($24.17)) on shares of Smiths Group in a research note on Tuesday, September 25th. Finally, Morgan Stanley decreased their target price on shares of Smiths Group from GBX 1,710 ($22.34) to GBX 1,690 ($22.08) and set an “equal weight” rating on the stock in a research note on Tuesday, July 24th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,695.91 ($22.16).

The firm also recently announced a dividend, which will be paid on Friday, November 16th. Shareholders of record on Thursday, October 18th will be paid a GBX 30.75 ($0.40) dividend. This represents a yield of 2.02%. This is a positive change from Smiths Group’s previous dividend of $13.80. The ex-dividend date of this dividend is Thursday, October 18th.

In other news, insider George Buckley purchased 779 shares of Smiths Group stock in a transaction dated Wednesday, August 1st. The shares were purchased at an average price of GBX 1,606 ($20.99) per share, with a total value of £12,510.74 ($16,347.50). Also, insider Dame Ann Dowling purchased 5,813 shares of Smiths Group stock in a transaction dated Tuesday, October 9th. The shares were purchased at an average cost of GBX 1,454 ($19.00) per share, for a total transaction of £84,521.02 ($110,441.68). Insiders acquired a total of 9,564 shares of company stock worth $14,149,288 over the last three months.

About Smiths Group (LON:SMIN)

Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions.

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