Rotork (LON:ROR – Free Report) had its price target upped by Berenberg Bank from GBX 370 ($4.73) to GBX 380 ($4.86) in a report published on Friday, MarketBeat.com reports. The firm currently has a buy rating on the stock.
Separately, Shore Capital reaffirmed a hold rating on shares of Rotork in a research report on Tuesday, August 6th.
Check Out Our Latest Stock Report on ROR
Rotork Trading Down 0.7 %
Rotork Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, August 15th will be paid a GBX 2.75 ($0.04) dividend. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, August 15th. Rotork’s payout ratio is currently 5,384.62%.
Rotork Company Profile
Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.
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