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Smiths Group Share Price (SMIN)

Share Price Information for Smiths Group (SMIN)

Share Price: 1,749.50Bid: 1,749.00Ask: 1,749.50Change: 0.00 (0.00%)No Movement on Smiths Group
Spread: 0.50Spread as %: 0.03%Open: 1,750.50High: 1,753.00Low: 1,733.00Yesterday’s Close: 1,749.50

Smiths Group Plc Ord 37.5P

Smiths Group is listed in the FTSE 100, FTSE All-Share, FTSE 350, FTSE 350 Low Yield
Smiths Group is part of the Industrials sector

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Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 395.74m £6,923.42m 1,000

52 Week High 1,810.00 52 Week High Date 15-JUN-2018
52 Week Low 1,354.00 52 Week Low Date 23-MAR-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
2,302 283,158 286,198 12.312 142.10 42.30 2.42

London South East Users info for Smiths Group

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Directors Deals for Smiths Group (SMIN)
Trade DateActionNotifierPriceCurrencyAmountHolding
Trade Notifier Information for Smiths Group
George Buckley held the position of Chairman at Smiths Group at the time of this trade.
 George Buckley
27-Oct-17Transfer From
Trade Notifier Information for Smiths Group
Andrew Reynolds Smith held the position of CEO at Smiths Group at the time of this trade.
 Andrew Reynolds Smith
27-Oct-17Transfer From
Trade Notifier Information for Smiths Group
Andrew Reynolds Smith held the position of CEO at Smiths Group at the time of this trade.
 Andrew Reynolds Smith
View more Smiths Group directors dealings >>

Posts: 38
Opinion:No Opinion
This is cheap
4 Feb '16
This is very cheap - if you look at the value of medical division you dont get enough for the rest.

More here:
Posts: 1,287
Opinion:Weak Buy
Research note from HL
20 Dec '15
Smiths Group PLC
Thu 17 December 2015

Recommendation type: Income

Daniel Liberto
A much-needed pension shake-up and better trading prospects across some of its core divisions suggest Smiths' (SMIN) prospects could be turning up as its new boss gets to work. Shares in the sprawling engineering conglomerate have tanked in the past two years, as difficult end markets and a big pension deficit proved hard to manage. But with these issues now easing - and the shares languishing on a forward PE multiple of 11 times - the high-yielding maker of everything from industrial valves to X-ray scanners suddenly looks attractive and raises prospects that a long-mooted break-up could finally be in prospect.

News that Smiths has tidied up its retirement obligations represents a major breakthrough which has turned us from sellers of the stock to buyers. A recent valuation of the engineer's UK scheme put the group's actuarial deficit at £285m, down £250m since the last valuation in 2012. This means annual contributions will fall from £60m to £24m by 2017, freeing up £36m of free cash flow a year, which compares with free cash flow of £158m in 2015.


Management plans to use these extra funds to invest in the business and grow the dividend, which is forecast to provide investors with a handsome yield of 4.4 per cent this year, rising to 4.6 per cent. Expectations of dividend growth are also underpinned by solid cover, which is expected to remain above two times in coming years.

Resolving the pension deficit could also trigger the long-awaited break-up of the company. While some investors say the group's diversified portfolio leaves it better protected than many industrial peers, others complain that Smiths' disparate collection of companies enjoy scant synergies. The latter sentiment prompted previous chief executive Philip Bowman to explore ways to offload some units but the pension mess and other issues such as asbestos liabilities thwarted those attempts.

With the pension issue cleared, new boss Andrew Reynolds Smith may re-evaluate the potential to sell some assets. He is expected to update investors on strategy during the first half of next year. Having previously held a number of senior positions at GKN (GKN), the new chief's engineering background should also help to drive improvements across the business.

Better trading in the three months to November, together with renewed hope that some of the core businesses are finally turning a corner, could assist with these efforts. The medical arm, which accounted for 29 per cent of last year's sales and 30 per cent of profit, is expected to benefit from investments made in new product launches. Meanwhile, the detection unit, which makes high-tech radars and accounted for 16 per cent of sales and 10 per cent of profit last year, is expected to benefit from more stringent regulatory standards for screening i
Posts: 3,681
Opinion:No Opinion
Smiths men in £1.4 million buy
21 Nov '15
Airport x-ray machine-to-mechanical seals conglomerate Smiths Group (SMIN) had its best day in years this week. The shares rocketed 10%, despite supplying parts to the struggling oil industry and a terrible 2015 for the electronics division.

New chief Andy Reynolds Smith has just reported a "resilient" first-quarter and said expectations for the full-year remain broadly unchanged. What got investors really excited, however, was news that the firm is tackling its huge pension deficit.

At the end of March, the pension scheme's deficit was £285 million, about £250 million lower than the previous triennial valuation in 2012. A deal with trustees to slash annual cash contributions to the scheme will free up £36 million a year. Finance chief Chris O'Shea says Smiths will use the extra cash to pump funds back into the business, make acquisitions, and keep growing the dividend.

And top brass are backing themselves to do big things by snapping up over £1.2 million worth of Smiths Group shares.

Reynolds Smith opened his account by buying 100,000 shares at 992.75p each, while Chris O'Shea also made his first share purchase: he and his wife loaded up on 20,000 shares at 999.24p a throw. Chairman Sir George Buckley also got involved, doubling his stake with the acquisition of 5,000 shares at a sterling equivalent of about 996p.

Not everyone's so bullish, however. Sanjay Jha at Panmure Gordon says 'sell' and is calling the shares down to 850p. The pensions trick means total free cash flow is now more likely to cover an unchanged dividend in 2017 and 2018, but it won’t be enough to do the extra investing that O'Shea claims it will, reckons Jha. Downgraded estimates for the next three years put Smiths on a forward price/earnings (PE) multiple of 14-16 times.
Posts: 3,681
Opinion:No Opinion
pension affects fair value
20 Nov '15
Smiths Group pension affects fair value
Pension ‘perplexities’ at engineering company Smiths Group (SMIN) have the ability to move the share price by 5% either way.

Deutsche Bank analyst Stephen Stakhiv retained his ‘buy’ recommendation and target price of £12.50 on the shares, which inched 0.6% higher to 995p yesterday.

‘The key issue to emerge from Smiths Q1 interim management statement was on pensions…the pensions issues…have the potential to change fair value estimates by 5% to the upside or downside,’ he said.

Stakhiv said the issues lay around the valuation of the Smiths Group pension scheme as the actuarial calculation shows the company’s pension liability fell £250 million since July but Stakhiv said the reduction was closer to £100 million.

However, ‘£130 million of cash will be freed over the next five years because of the ongoing lower cash contributions needed and the elimination of payments in escrow’.
Posts: 3,681
Opinion:No Opinion
“significant uncertainty”
19 Nov '15
Smiths Group became one of the biggest laggards. Despite announcing a material change in its pension fund structure, RBC Capital Markets and Societe Generale lowered its target price. Andrew Carter, of RBC, cautioned investors about the “significant uncertainty” which surrounds the group’s oil and gas end markets. Shares tumbled 30.5p to 989.5p.
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