Rotork p.l.c. (ROR) Increases Dividend to GBX 3.35 Per Share

Rotork p.l.c. (LON:ROR) announced a dividend on Tuesday, March 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 5th will be given a dividend of GBX 3.35 ($0.05) per share on Wednesday, May 23rd. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 5th. This is a boost from Rotork’s previous dividend of $2.05. The official announcement can be seen at this link.

LON:ROR opened at GBX 284.30 ($3.93) on Friday. Rotork has a 12 month low of GBX 221.30 ($3.06) and a 12 month high of GBX 306.80 ($4.24).

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In other news, insider Jonathan Davis bought 474 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were bought at an average price of GBX 303 ($4.19) per share, for a total transaction of £1,436.22 ($1,984.28). Also, insider Stephen Rhys Jones sold 2,266 shares of Rotork stock in a transaction on Thursday, March 15th. The shares were sold at an average price of GBX 277 ($3.83), for a total transaction of £6,276.82 ($8,672.04).

A number of equities research analysts have commented on the stock. Numis Securities reaffirmed a “hold” rating and issued a GBX 245 ($3.38) target price on shares of Rotork in a research report on Wednesday, February 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 290 ($4.01) target price on shares of Rotork in a research report on Tuesday, February 13th. Citigroup reaffirmed a “buy” rating and issued a GBX 315 ($4.35) target price on shares of Rotork in a research report on Friday, March 16th. Liberum Capital lifted their target price on shares of Rotork from GBX 265 ($3.66) to GBX 275 ($3.80) and gave the stock a “hold” rating in a research report on Friday, January 12th. Finally, Credit Suisse Group lifted their target price on shares of Rotork from GBX 250 ($3.45) to GBX 260 ($3.59) and gave the stock a “neutral” rating in a research report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 281.18 ($3.88).

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About Rotork

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.

Dividend History for Rotork (LON:ROR)

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