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

Rotork plc (LON:ROR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Analysts Set New Price Targets

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

Rotork Stock Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 3.09 and a quick ratio of 2.16. The company has a market capitalization of £2.72 billion, a price-to-earnings ratio of 2,401.54, a PEG ratio of 2.48 and a beta of 1.00. The firm’s fifty day simple moving average is GBX 322.73 and its 200 day simple moving average is GBX 315.01.

Rotork Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 18th will be issued a dividend of GBX 4.65 ($0.06) per share. This is a boost from Rotork’s previous dividend of $2.55. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 18th. Rotork’s dividend payout ratio (DPR) is currently 5,384.62%.

Rotork Company Profile

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.