SMITHS GRP PLC/S (SMGZY) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of SMITHS GRP PLC/S (OTCMKTS:SMGZY) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom. “

Shares of OTCMKTS SMGZY opened at $18.59 on Tuesday. The firm has a market capitalization of $7.36 billion, a P/E ratio of 15.36, a PEG ratio of 2.57 and a beta of 0.91. SMITHS GRP PLC/S has a one year low of $16.26 and a one year high of $24.42.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, May 3rd. Investors of record on Friday, April 5th were paid a $0.167 dividend. The ex-dividend date was Thursday, April 4th. SMITHS GRP PLC/S’s payout ratio is 27.27%.

About SMITHS GRP PLC/S

Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.

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