Spectris plc (LON:SXS) Declares Dividend Increase – GBX 56.60 Per Share

Spectris plc (LON:SXS) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.75) per share on Friday, June 27th. This represents a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 112.8% increase from Spectris’s previous dividend of $26.60. The official announcement can be accessed at this link.

Spectris Stock Performance

LON:SXS traded up GBX 4 ($0.05) during trading hours on Tuesday, reaching GBX 2,196 ($28.93). The company had a trading volume of 290,102 shares, compared to its average volume of 1,300,980. The firm has a market cap of £2.19 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.74 and a beta of 0.61. Spectris has a 52 week low of GBX 1,877 ($24.73) and a 52 week high of GBX 3,376 ($44.48). The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The firm’s 50 day moving average price is GBX 2,200.77 and its 200-day moving average price is GBX 2,505.03.

Spectris (LON:SXS) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.95) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. On average, analysts forecast that Spectris will post 194.7972456 EPS for the current year.

Analyst Upgrades and Downgrades

SXS has been the subject of a number of recent research reports. Berenberg Bank cut their price objective on shares of Spectris from GBX 3,180 ($41.90) to GBX 3,000 ($39.53) and set a “buy” rating for the company in a report on Monday, March 10th. Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd.

Insiders Place Their Bets

In other Spectris news, insider Derek Harding purchased 3,741 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average price of GBX 2,085 ($27.47) per share, with a total value of £77,999.85 ($102,766.60). Also, insider Andrew Heath sold 8,848 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($33.36), for a total transaction of £224,031.36 ($295,166.48). 1.21% of the stock is currently owned by insiders.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.