Rotork (LON:ROR) Stock Price Passes Above 200 Day Moving Average of $331.30

Rotork plc (LON:ROR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 331.30 ($4.38) and traded as high as GBX 338.20 ($4.47). Rotork shares last traded at GBX 326.40 ($4.31), with a volume of 1,124,985 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Berenberg Bank upped their target price on shares of Rotork from GBX 370 ($4.89) to GBX 380 ($5.02) and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upgraded shares of Rotork to an “overweight” rating and increased their price objective for the company from GBX 365 ($4.82) to GBX 370 ($4.89) in a research note on Wednesday, September 11th. Finally, Shore Capital reiterated a “hold” rating on shares of Rotork in a research note on Tuesday, August 6th.

Rotork Stock Performance

The company’s fifty day moving average is GBX 334.44 and its 200 day moving average is GBX 331.33. The company has a market capitalization of £2.80 billion, a P/E ratio of 2,345.71, a P/E/G ratio of 2.48 and a beta of 0.96. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 1.96.

Rotork Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 15th will be issued a GBX 2.75 ($0.04) dividend. This represents a yield of 0.83%. The ex-dividend date is Thursday, August 15th. Rotork’s dividend payout ratio (DPR) is presently 5,000.00%.

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.