Rotork (LON:ROR) Stock Crosses Above 200 Day Moving Average of $312.71

Rotork plc (LON:ROR)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 312.71 ($3.95) and traded as high as GBX 336.20 ($4.25). Rotork shares last traded at GBX 326.80 ($4.13), with a volume of 488,046 shares trading hands.

Wall Street Analyst Weigh In

ROR has been the subject of several recent research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 370 ($4.68) target price on shares of Rotork in a report on Wednesday, March 6th. Shore Capital reissued a “hold” rating on shares of Rotork in a report on Tuesday, March 5th.

Rotork Price Performance

The stock has a market capitalization of £2.83 billion, a price-to-earnings ratio of 2,740.00, a P/E/G ratio of 2.48 and a beta of 1.00. The company has a quick ratio of 2.16, a current ratio of 3.09 and a debt-to-equity ratio of 1.92. The business has a 50-day simple moving average of GBX 319.18 and a two-hundred day simple moving average of GBX 312.83.

Rotork Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be given a GBX 4.65 ($0.06) dividend. This represents a yield of 1.47%. This is an increase from Rotork’s previous dividend of $2.55. The ex-dividend date of this dividend is Thursday, April 18th. Rotork’s dividend payout ratio is 5,833.33%.

About Rotork

Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.