Insider Buying: Rotork (LON:ROR) Insider Acquires £147.15 in Stock

Rotork plc (LON:ROR) insider Kiet Huynh bought 45 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of GBX 327 per share, for a total transaction of £147.15.

Rotork Stock Performance

Shares of ROR opened at GBX 329.03 on Friday. The business has a fifty day moving average of GBX 337.15 and a 200 day moving average of GBX 333.96. Rotork plc has a one year low of GBX 266.80 and a one year high of GBX 357. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16. The firm has a market capitalization of £2.72 billion, a P/E ratio of 28.12, a PEG ratio of 2.48 and a beta of 0.96.

Rotork announced that its board has authorized a share repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ROR shares. Panmure Gordon increased their target price on shares of Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Rotork currently has an average rating of “Moderate Buy” and a consensus price target of GBX 397.

About Rotork

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.