Berenberg Bank assumed coverage on shares of Rotork (LON:ROR) in a research report sent to investors on Thursday morning, Digital Look reports. The brokerage issued a hold rating and a GBX 280 ($3.66) price objective on the stock.
A number of other research analysts have also recently weighed in on the company. UBS Group reaffirmed a buy rating on shares of Rotork in a research report on Tuesday, April 23rd. Deutsche Bank reaffirmed a hold rating on shares of Rotork in a research report on Monday, April 15th. Credit Suisse Group restated a neutral rating on shares of Rotork in a research note on Monday, April 29th. Peel Hunt restated a buy rating and issued a GBX 360 ($4.70) target price (up previously from GBX 325 ($4.25)) on shares of Rotork in a research note on Friday, April 26th. Finally, Numis Securities restated an add rating and issued a GBX 315 ($4.12) target price on shares of Rotork in a research note on Wednesday, March 6th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Rotork currently has an average rating of Hold and a consensus target price of GBX 321.14 ($4.20).
LON:ROR traded up GBX 1.40 ($0.02) on Thursday, hitting GBX 293 ($3.83). The stock had a trading volume of 858,776 shares, compared to its average volume of 3,300,000. The stock has a market capitalization of $2.53 billion and a price-to-earnings ratio of 27.90. The company has a debt-to-equity ratio of 11.85, a quick ratio of 1.62 and a current ratio of 2.24. Rotork has a 52-week low of GBX 232.60 ($3.04) and a 52-week high of GBX 363.20 ($4.75).
The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.3%. This is an increase from Rotork’s previous dividend of $2.20. Rotork’s dividend payout ratio is currently 0.57%.
In other Rotork news, insider Jonathan Davis sold 131,630 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of GBX 293 ($3.83), for a total transaction of £385,675.90 ($503,953.87).
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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