Smiths Group (SMIN)

Sector:

Manufacturing

Index:

FTSE 100

1,681.00p
   
  • Change Today:
    -27.00p
  • 52 Week High: 1,766.50
  • 52 Week Low: 1,526.00
  • Currency: UK Pounds
  • Shares Issued: 346.04m
  • Volume: 553,682
  • Market Cap: £5,817m
  • RiskGrade: 127

Smiths Group sells £70m of ICU Medical shares

By Benjamin Chiou

Date: Friday 01 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Engineering firm Smiths Group has sold a third of its stake in US-listed IV therapy specialist ICU Medical for £70m.
Smiths, which sold the Smiths Medical division to ICU back in January 2022 for $2.7bn, received $500m-worth of ICU shares as part of the deal. However, the Nasdaq stock has dropped more than 50% since the disposal.

On Friday, the company said it had offloaded 830,000 ICU shares, representing a 3.44% of shareholding and 33% of its own stake.

Smiths said the sale raised $88m which will be used for "general corporate purposes" and will leave the company with a remaining 6.92% stake.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Smiths Group Market Data

Currency UK Pounds
Share Price 1,681.00p
Change Today -27.00p
% Change -1.58 %
52 Week High 1,766.50
52 Week Low 1,526.00
Volume 553,682
Shares Issued 346.04m
Market Cap £5,817m
RiskGrade 127

Smiths Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.74% below the market average89.74% below the market average89.74% below the market average89.74% below the market average89.74% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Price Trend
12.31% above the market average12.31% above the market average12.31% above the market average12.31% above the market average12.31% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
41.49% below the market average41.49% below the market average41.49% below the market average41.49% below the market average41.49% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
73.14% above the market average73.14% above the market average73.14% above the market average73.14% above the market average73.14% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average

What The Brokers Say

Strong Buy 4
Buy 7
Neutral 1
Sell 1
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smiths Group Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Apr-24 19-Oct-23
Paid 13-May-24 24-Nov-23
Amount 13.55p 28.70p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 1,986 @ 1,681.00p
16:35 211,843 @ 1,681.00p
16:35 100 @ 1,681.00p
16:35 1,108 @ 1,681.00p
16:35 451 @ 1,681.00p

Smiths Group Key Personnel

CFO Clare Scherrer

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