Citigroup reissued their buy rating on shares of Rotork (LON:ROR) in a report published on Friday, March 16th. They currently have a GBX 315 ($4.42) price objective on the stock.
A number of other analysts also recently weighed in on the company. Numis Securities reiterated a hold rating and set a GBX 245 ($3.44) target price on shares of Rotork in a research report on Wednesday, February 14th. JPMorgan Chase restated an overweight rating and set a GBX 290 ($4.07) price objective on shares of Rotork in a research report on Tuesday, February 13th. Liberum Capital upped their price objective on Rotork from GBX 265 ($3.72) to GBX 275 ($3.86) and gave the stock a hold rating in a research report on Friday, January 12th. Deutsche Bank restated a hold rating and set a GBX 255 ($3.58) price objective on shares of Rotork in a research report on Monday, December 4th. Finally, Barclays upped their price objective on Rotork from GBX 255 ($3.58) to GBX 260 ($3.65) and gave the stock an equal weight rating in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 285.06 ($4.00).
ROR traded down GBX 1.20 ($0.02) during trading on Friday, hitting GBX 283.20 ($3.98). The stock had a trading volume of 2,431,075 shares, compared to its average volume of 3,300,000. Rotork has a one year low of GBX 221.30 ($3.11) and a one year high of GBX 306.80 ($4.31).
The business also recently declared a dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Thursday, April 5th will be paid a GBX 3.35 ($0.05) dividend. This is a boost from Rotork’s previous dividend of $2.05. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 1.2%.
In related news, insider Jonathan Davis purchased 474 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was bought at an average price of GBX 303 ($4.25) per share, with a total value of £1,436.22 ($2,016.03). Also, insider Stephen Rhys Jones sold 2,266 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of GBX 277 ($3.89), for a total value of £6,276.82 ($8,810.81).
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Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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