Smiths Group (LON:SMIN) Declares Stock Buyback Program

Smiths Group (LON:SMIN - Get Free Report) declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 19th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.Analyst Upgrades and DowngradesSeparately, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Smiths Group in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".Get Our Latest Analysis on SMINSmiths Group Trading Down 1.0%Shares of SMIN traded down GBX 24 during trading hours on Wednesday, hitting GBX 2,420. The company had a trading volume of 643,295 shares, compared to its average volume of 2,932,423. The firm has a market cap of £7.84 billion, a P/E ratio of 28.37, a P/E/G ratio of 0.35 and a beta of 0.66. Smiths Group has a 52-week low of GBX 1,671 and a 52-week high of GBX 2,561. The stock's 50 day moving average price is GBX 2,423.16 and its 200 day moving average price is GBX 2,308.11. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. Smiths Group (LON:SMIN - Get Free Report) last issued its earnings results on Tuesday, September 23rd. The company reported GBX 85.70 EPS for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. On average, research analysts predict that Smiths Group will post 85.1295337 EPS for the current year. Insider Activity at Smiths GroupIn other Smiths Group news, insider Karin Hoeing purchased 224 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of GBX 2,522 per share, with a total value of £5,649.28. Also, insider Julian Fagge sold 26,199 shares of Smiths Group stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total transaction of £634,277.79. Company insiders own 0.78% of the company's stock. Smiths Group Company Profile Get Free Report)Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.Read MoreFive stocks we like better than Smiths GroupGrowth Stocks: What They Are, What They Are Notonsemi Places a $6 Billion Bet on Its Own StockWhat is Put Option Volume?HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?What Investors Need to Know to Beat the MarketEnd the Year Strong With These 3 Comeback ChampionsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Smiths Group Right Now?Before you consider Smiths Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smiths Group wasn't on the list.While Smiths Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here