Key Points
- Insider Kiet Huynh purchased 40 Rotork shares on Feb 10 at GBX 371 (total £148.40) and previously bought 45 shares on Dec 10 at GBX 327 (total £147.15), signaling continued insider buying.
- The Rotork Board has initiated a share buyback program authorizing open-market repurchases, a move that typically indicates the board views the stock as undervalued.
- Analyst sentiment is broadly positive with five Buys and one Hold, an average target of GBX 397, and recent upgrades from Panmure Gordon (to GBX 370) and JPMorgan (to GBX 420).
Rotork plc (LON:ROR - Get Free Report) insider Kiet Huynh acquired 40 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of GBX 371 per share, for a total transaction of £148.40.
Kiet Huynh also recently made the following trade(s):
- On Wednesday, December 10th, Kiet Huynh purchased 45 shares of Rotork stock. The stock was acquired at an average cost of GBX 327 per share, for a total transaction of £147.15.
Rotork Stock Up 0.3%
Rotork stock opened at GBX 375.19 on Thursday. The firm has a market cap of £3.09 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. Rotork plc has a 52 week low of GBX 266.80 and a 52 week high of GBX 378.80. The business's 50-day moving average price is GBX 340.35 and its 200 day moving average price is GBX 339.76. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97.
Rotork announced that its Board of Directors has initiated a share buyback program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on ROR shares. Panmure Gordon upped their target price on Rotork from GBX 360 to GBX 370 and gave the stock a "buy" rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on Rotork from GBX 390 to GBX 420 and gave the stock an "overweight" rating in a research report on Thursday, December 4th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 397.
View Our Latest Research Report on Rotork
Rotork Company Profile
(
Get Free Report)
Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.
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