Rotork (LON:ROR) Shares Pass Above 200 Day Moving Average of $314.99

Rotork plc (LON:ROR)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 314.99 ($3.92) and traded as high as GBX 326.20 ($4.06). Rotork shares last traded at GBX 320.40 ($3.99), with a volume of 582,216 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ROR shares. Berenberg Bank reiterated a “buy” rating and set a GBX 370 ($4.61) target price on shares of Rotork in a report on Wednesday, March 6th. Shore Capital reiterated a “hold” rating on shares of Rotork in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 300 ($3.73) target price on shares of Rotork in a report on Wednesday, April 10th.

Rotork Price Performance

The stock’s fifty day moving average price is GBX 322.73 and its two-hundred day moving average price is GBX 315.01. The firm has a market capitalization of £2.72 billion, a price-to-earnings ratio of 2,401.54, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. The company has a current ratio of 3.09, a quick ratio of 2.16 and a debt-to-equity ratio of 1.92.

Rotork Increases Dividend

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