Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Declares Dividend of $0.76

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) declared a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Friday, April 25th will be given a dividend of 0.7609 per share on Monday, June 9th. The ex-dividend date is Friday, April 25th. This is a 183.8% increase from Spirax-Sarco Engineering’s previous dividend of $0.27.

Spirax-Sarco Engineering Trading Down 1.7 %

SPXSY stock traded down $0.74 during midday trading on Wednesday, reaching $43.13. The stock had a trading volume of 5,081 shares, compared to its average volume of 19,489. Spirax-Sarco Engineering has a twelve month low of $39.28 and a twelve month high of $61.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. The business has a fifty day simple moving average of $46.88 and a two-hundred day simple moving average of $45.83.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPXSY. Hsbc Global Res upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th. Barclays raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.