Flowtech Fluidpower (FLO) Insider Sells £551,609.88 in Stock

Flowtech Fluidpower (LON:FLO) insider Sean Mark Fennon sold 311,644 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of GBX 177 ($2.40), for a total value of £551,609.88 ($748,249.97).

Flowtech Fluidpower opened at GBX 177.50 ($2.41) on Monday, according to MarketBeat Ratings. Flowtech Fluidpower has a 12-month low of GBX 120 ($1.63) and a 12-month high of GBX 196 ($2.66).

The company also recently announced a dividend, which will be paid on Friday, July 13th. Investors of record on Thursday, June 7th will be paid a dividend of GBX 3.85 ($0.05) per share. This is a positive change from Flowtech Fluidpower’s previous dividend of $1.93. The ex-dividend date is Thursday, June 7th. This represents a yield of 2.22%.

Separately, FinnCap reiterated a “corporate” rating and set a GBX 205 ($2.78) price target on shares of Flowtech Fluidpower in a report on Tuesday, January 23rd.

About Flowtech Fluidpower

Flowtech Fluidpower plc distributes hydraulic and pneumatic fluid power products in the United Kingdom and Northern Europe. It operates through Flowtechnology, Power Motion Control, and Process segments. The company offers hydraulics, hydraulic and pneumatic quick release couplings, pneumatic and vacuum equipment, industrial air preparation monitoring and testing equipment, valves and actuators, ring main systems, adaptors and fittings, stainless steel products, malleable iron products, hoses, tubing and coupling products, clamps and clips, sprays and adhesives, blow guns and vacuum products, wash down and fueling products, and air tools, as well as tools, hardware, and personal protective equipment.

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