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ROR Rotork Plc

328.80
2.00 (0.61%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Rotork Plc ROR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.00 0.61% 328.80 16:35:09
Open Price Low Price High Price Close Price Previous Close
320.20 320.20 329.20 328.80 326.80
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Rotork ROR Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/03/2024FinalGBP0.046518/04/202419/04/202424/05/2024
08/08/2023InterimGBP0.025517/08/202318/08/202322/09/2023
28/02/2023FinalGBP0.04313/04/202314/04/202319/05/2023
02/08/2022InterimGBP0.02418/08/202219/08/202223/09/2022
01/03/2022FinalGBP0.040507/04/202208/04/202220/05/2022
03/08/2021InterimGBP0.023519/08/202120/08/202124/09/2021
02/03/2021FinalGBP0.06308/04/202109/04/202121/05/2021
04/08/2020InterimGBP0.03920/08/202021/08/202025/09/2020
06/08/2019InterimGBP0.02329/08/201930/08/201927/09/2019
InterimGBP0.02328/08/201930/08/201927/09/2019
04/03/2019FinalGBP0.03711/04/201912/04/201922/05/2019
InterimGBP0.03710/04/201912/04/201922/05/2019

Top Dividend Posts

Top Posts
Posted at 07/3/2024 15:59 by philanderer
Rotork primed for sustainable growth, says Berenberg


Engineer Rotork (ROR) reported another year of strong results, proving it’s ready for a consistent period of sustainable growth, says Berenberg.

Analyst Calum Battersby reiterated his ‘buy’ recommendation and target price of 370p on the Citywire Elite Companies plus-rated stock, which fell 0.6% to 325.8p on Wednesday despite full-year 2023 results ‘showing another year of strong growth’.

Battersby said the results supported his investment case that ‘it is finally primed for a consistent period of sustainable, consistent organic growth’.

The second half of the year enjoyed double-digit organic growth with the highest margins achieved by the company in a decade as all divisions grew year-on-year.

‘This is all that we expected from Rotork, and with the combination of a cyclically better outlook in oil and gas, significant opportunities to reduce upstream methane emissions, a structurally improved business mix, a much clearer growth strategy, and the flexibility of a strong balance sheet, we believe Rotork can continue to deliver good earnings and total returns for shareholders over the coming years,’ he said.


citywire.com
Posted at 05/12/2023 11:46 by philanderer
ROR the best one in my portfolio today .
Posted at 09/8/2023 12:59 by philanderer
Peel Hunt: recent weakness at Rotork an opportunity


Recent weakness at industrial flow control equipment maker Rotork (ROR) has presented an opportunity, given its ‘really encouraging’ interim results released yesterday, said Peel Hunt analyst Harry Philips.

The Citywire Elite Company’s ‘Growth+’; ambition, which is designed to deliver high single-digit revenue growth and mid-20s% operating margins, is already delivering tangible acceleration in both revenue and margins underpinned by the order book, he said.

Pre-tax profits of £65.3m on sales of £334.7m with a margin of 19.5% beat Peel Hunt’s estimates of £61m, £320m and 19.1% respectively, with 17.2% organic revenue growth evenly spread across the divisions maintaining the first-quarter momentum, reflected in an 11.9% increase in the order book to £387m.

‘Our target price of 350p is based on the stock’s five-year average P/E [ratio] of 21x. We are increasingly confident that this will evolve as Growth+ delivers, with the balance sheet adding the potential for M&A catalysts. We maintain our Add rating for the time being, but it does feel increasingly conservative,’ Philips said.

The shares rose 0.6%, or 1.8p, to 297.6p on Tuesday.

citywire.com
Posted at 28/2/2023 07:24 by our haven
I would be surprised faz if there is a sell off due to the strong second half numbers.Rise in dividend on the back of these good numbers should also help. I know that the market is fickle and we have had an advancing share price so maybe the view will be that it is already in the price
Posted at 21/10/2022 13:13 by philanderer
Webster adds Rotork to CT High Income


Columbia Threadneedle manager Philip Webster has initiated a position in Rotork (RTK) despite the engineering group facing a barrage of headwinds.

In his latest fund update, Webster confirmed he had added the group to his £102m CT UK High Income (CHI) investment trust, describing it as a ‘high-quality, market-leading UK industrial’.

‘I bought this with the knowledge that the company has a lot to do in the second half of 2022 and may well miss earnings [forecasts] given some of the headwinds it faces,’ he said.

‘The backstop to this is that the market is very aware of these challenges, and my margin of safety is buying at near-historic lows of 16x expected 2023 earnings.’

Webster added that Rotork is a cyclical stock but ‘it has a net cash balance sheet that will support the 2.9% dividend yield with a buyback of potentially £50m-£75m, assuming it does not do any mergers and acquisitions.’

Shares in Rotork were trading down 0.6% at 250p at the time of writing on Thursday afternoon, down about 30% year to date.

citywire.com
Posted at 20/11/2021 09:13 by bathcoup
Just out of curiosity, rogue, are you holding ROR? I bought 700 shares (before 10:1 split) in early 2008, saw them nearly halved later in the same year. Not a great investment for me, so far.
Posted at 19/11/2021 21:14 by bathcoup
Maybe I'm naïve but I'd have thought ROR should break such bad news, yesterday's TS, before the Share Buyback Programme was completed so that they could buy shares cheap.
Posted at 19/8/2021 09:54 by philanderer
Rotork was suffering pre-Covid, says Shore Capital


Engineering group Rotork (ROR) had been suffering from slowing revenue growth even before the pandemic and the market is not positive about the company’s prospects, says Shore Capital.

Analyst Tom Fraine retained his ‘sell’ recommendation and ‘fair value’ target price of 240p on the stock after it announced plans for a £50m share buyback programme. The closing share price was up 1.1%, or 3.6p, at 339p on Wednesday.

The stock trades on 27x earnings per share forecasts for 2021 but Fraine said a price/earnings ratio closer to 20x ‘would more fairly reflect Rotork’s growth prospects and risk profile’. The analyst said the current rating ‘underestimates the long-term risk profile of the business due to exposure to the oil and gas sector, which may come under increasing pressure from global decarbonisation’.

Fraine also highlighted ‘slowing revenue growth even prior to the impact of Covid-19’. Although management has ‘demonstrated an impressive ability to grow margins significantly despite weakness in sales in recent years’, forecasts have been downgraded by 24% over the past two years, he said.
Posted at 08/4/2021 08:47 by our haven
Holding up well on ex dividend day.
Posted at 20/10/2020 10:09 by philanderer
Berenberg upgrades ‘underappreciated’ Rotork

Berenberg has upgraded Rotork (ROR) as it believes the engineering group is one of the ‘highest-quality stocks’ in UK industrials.

Analyst Joseph Bloomfield upgraded his recommendation from ‘hold’ to ‘buy’ and increased the target price from 230p to 370p. The shares rose 2.6% to 315.4p yesterday.

Bloomfield upgraded his rating ‘on the basis that weakness in oil and gas is well known, and we struggle to see sentiment incrementally worsening from here’, the fact the business was well managed through the downturn, and its ‘underappreciated’ cash position.

‘For full-year 2021, the shares trade on a 24.5 times price-earnings… which represents a 38% discount to other quality UK industrials compared to Rotork’s historical average premium of 1%,’ he said.

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