Rotork (LON:ROR) Shares Pass Above 200 Day Moving Average of $302.10

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Rotork p.l.c. (LON:ROR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $302.10 and traded as high as $322.00. Rotork shares last traded at $320.47, with a volume of 542,819 shares.

ROR has been the topic of a number of recent research reports. Deutsche Bank reiterated a “hold” rating on shares of Rotork in a research note on Friday, September 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Rotork in a research note on Wednesday, July 24th. Goldman Sachs Group increased their price target on Rotork from GBX 276 ($3.61) to GBX 285 ($3.72) and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target on Rotork from GBX 310 ($4.05) to GBX 330 ($4.31) and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Credit Suisse Group downgraded Rotork to an “underperform” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 315.15 ($4.12).

The stock has a fifty day simple moving average of GBX 307.75 and a two-hundred day simple moving average of GBX 302.10. The stock has a market cap of $2.79 billion and a price-to-earnings ratio of 30.78. The company has a debt-to-equity ratio of 6.45, a quick ratio of 1.56 and a current ratio of 2.13.

Rotork (LON:ROR) last announced its earnings results on Tuesday, August 6th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 5.30 ($0.07) by GBX 0.50 ($0.01). Equities analysts expect that Rotork p.l.c. will post 1364.9999242 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be given a dividend of GBX 2.30 ($0.03) per share. This represents a yield of 0.74%. The ex-dividend date of this dividend is Thursday, August 29th. Rotork’s dividend payout ratio is currently 0.58%.

In other Rotork news, insider Jonathan Davis acquired 473 shares of the stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of GBX 304 ($3.97) per share, with a total value of £1,437.92 ($1,878.90).

Rotork Company Profile (LON:ROR)

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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