Spectris (SXS)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

3,208.00p
   
  • Change Today:
    -64.00p
  • 52 Week High: 3,840.00
  • 52 Week Low: 2,935.00
  • Currency: UK Pounds
  • Shares Issued: 100.62m
  • Volume: 210,657
  • Market Cap: £3,227.82m
  • RiskGrade: 107
  • Beta: 0.00

Spectris sells Omega Engineering for £400m, unveils £300m buyback

By Frank Prenesti

Date: Tuesday 19 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Precision instrument maker Spectris on Tuesday said it had sold its Omega Engineering unit to Arcline Investment Management for $525m (£403m), and unveiled a £300m share buyback.
Omega, which makes specialist sensors, will join the Dwyer Group, an Arcline portfolio company

For the 2021 financial year to December 31, 2021, Omega generated sales of £129m and adjusted core earnings of £19.7m. Spectris said it the deal would be settled in cash.

It added that the share buyback would be made up of an initial tranche of £150m, followed by a further £150m, subject to shareholder approval at the annual meeting on May 27.

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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.

 

Spectris Market Data

Currency UK Pounds
Share Price 3,208.00p
Change Today -64.00p
% Change -1.96 %
52 Week High 3,840.00
52 Week Low 2,935.00
Volume 210,657
Shares Issued 100.62m
Market Cap £3,227.82m
Beta 0.00
RiskGrade 107

Spectris Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.97% below the market average86.97% below the market average86.97% below the market average86.97% below the market average86.97% below the market average
35.29% below the sector average35.29% below the sector average35.29% below the sector average35.29% below the sector average35.29% below the sector average
Price Trend
17.79% above the market average17.79% above the market average17.79% above the market average17.79% above the market average17.79% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
47.49% below the market average47.49% below the market average47.49% below the market average47.49% below the market average47.49% below the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Growth
25.43% below the market average25.43% below the market average25.43% below the market average25.43% below the market average25.43% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 6
Sell 2
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Spectris Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 05-Oct-23
Paid 28-Jun-24 10-Nov-23
Amount 53.90p 25.30p

Trades for 02-May-2024

Time Volume / Share Price
16:35 110,589 @ 3,208.00p
16:35 1 @ 3,208.00p
16:35 323 @ 3,208.00p
16:35 322 @ 3,208.00p
16:35 322 @ 3,208.00p

Spectris Key Personnel

CEO Andrew Heath
CFO Derek Harding

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