Spirax-sarco Engineering Share Discussion Threads

[philanderer] 18/2/2019 11:02

18th feb Peel Hunt add tp 7100p

reiterates

[philanderer] 18/2/2019 09:34

Spirax-Sarco Engineering was up 0.5% after the engineer said it is in exclusive talks to buy French cable maker Thermocoax Development for GBP139 million.

The FTSE 100-listed firm is in talks with Thermocoax-owners Chequers Capital, TCR Capital and other minority shareholders to buy the firm on a debt- and cash-free basis for EUR158 million.

Alliance News

[philanderer] 11/2/2019 08:48

Peel Hunt. ADD....tp 7100p. cut from 7250p

[philanderer] 14/1/2019 10:07

updated:

14th jan Morgan Stanley equal weight tp 6190p
8th jan Goldmans neutral tp 6445p
7th jan BOAmerica buy tp 7000p
3rd dec JP Morgan neutral tp 6000p
26th nov Investec hold tp 6015p
19th nov RBC Capital underperform tp 6400p


15th nov ++++ trading update ++++

[philanderer] 08/1/2019 10:13

8th jan Goldmans neutral tp 6445p cut from 6550p

[philanderer] 21/12/2018 18:15

These Dividend Growth Stocks Are About To Enter The FTSE 100. Should You Buy Them Before Christmas?


Spirax-Sarco Engineering

Spirax-Sarco Engineering has also proved its mettle as a hot income share in years gone by.

Its long-running progressive dividend policy saw the full-year payout boom 15% year-on-year in 2017, for instance, to 87p per share. Supported by an expected 14% profits hike City brokers are predicting another hefty hike this year, too, to 99.6p. And with earnings anticipated to pump 6% higher in 2019 the dividend is estimated to ring in at 107.6p per share, resulting in a handy-if-unspectacular 1.8% yield.

Spirax-Sarco, which builds pumps and other products for use in fluid and steam-powered industrial systems, has long proved to be a great earnings grower and this accounts for its premium forward P/E ratio of 22.4 times. The company’s share price jumped 6% in 2018, and whilst it’s fallen back in the wake of October’s broad-based share market sell-off the signs look good as we head into the new year.

Last month the specialist reported further organic sales growth in the four months to October thanks to “strong” performances in China and Australasia and “good” growth in The Americas, and I am confident that the growing financial might of emerging regions should underpin strong and sustained sales growth in the years ahead.

Like Hiscox, I believe that Spirax-Sarco is a great share to buy today and stuff in your Christmas stocking.

[philanderer] 11/12/2018 00:02

Spirax Sarco US@spiraxsarco_USA

It was exciting to host our Distributor partner Wolseley Industrial Group at our Blythewood, SC training center, for two and half days of training in our modern steam lab and facility!

[philanderer] 06/12/2018 10:08

We're in apparently ;-)

Market report:

In other company news, FTSE Russell said late Wednesday that Royal Mail and Just Eat will be demoted from the FTSE 100, effective December 24.

Just Eat was down 3.9% in early trade, among worst large-cap performers, while Royal Mail was down 1.1%. Shares in Royal Mail also went ex-dividend on Thursday, meaning new buyers no longer qualify for the latest payout from the postal operator. Replacing the two in the blue-chip index will be Hiscox and Spirax-Sarco Engineering, though they were faring no better, down 1.5% and 1.9% respectively early Thursday.

[philanderer] 05/12/2018 10:19

5th dec Morgan Stanley equal weight tp 6190p cut from 6260p

[philanderer] 03/12/2018 10:18

3rd dec JP Morgan neutral tp 6000p cut from 6300p

[philanderer] 28/11/2018 12:36

FTSE reshuffle .... December 5th

Spirax-Sarco and Just Eat on the cusp of in and out respectively.

[philanderer] 26/11/2018 10:10

26th nov

Investec upgrades to 'hold' from 'sell' tp 6015p... cut from 6635p

[philanderer] 22/11/2018 17:36

Market report..

Spirax-Sarco fell after it was downgraded to ‘equalweight’ by Morgan Stanley and had its target price cut to 6,260p over concerns over the company and fellow capital goods sector player Halma.

"While acknowledging Halma and Spirax remain two of UK engineering's top franchises, we view current valuations as unpalatable with absolute and relative multiples near 14-year highs, and downgrade both to equal-weight,” MS said.

[philanderer] 22/11/2018 10:50

Low volume but getting a right old kicking.

From almost a FTSE100 company to 4000p by the look of that chart.

[philanderer] 22/11/2018 10:02

MORGAN STANLEY CUTS SPIRAX-SARCO TO 'EQUAL-WEIGHT' ('OVERWEIGHT') - TARGET 6260 (7330) PENCE

[philanderer] 20/11/2018 18:12

Market close..

In broker action, Spirax Sarco dropped after a downgrade to 'underperform' from RBC Capital Markets, with a share price of 6,400p.

"Spirax is one of the best UK engineers in our coverage measured on past delivery, and we expect continued robust operational performance in the future. However, the relative valuation is at new highs on an over 60% P/E premium versus the peer group and as such we see more attractive opportunities elsewhere in our UK engineering coverage," said a note from RBC.

[philanderer] 20/11/2018 12:35

Engineering note from RBC..

Top Picks / Outperforms: Our positive view on sector valuation means that we have an average upside of 22% to our price targets. Top Picks are Melrose and Vesuvius. We also have Outperform ratings on Bodycote, Coats, RHI Magnesita, Rotork and Weir. Our EPS forecasts are most above consensus on Vesuvius and RHI Magnesita. On a rating basis we would note that Rotork and Bodycote stand out as names that consensus is relatively less positive on. 

Underperform ratings: Given the high level of upside we are looking for across the group, our Underperform ratings are not necessarily significant downside statements. However, Spirax-Sarco and Smiths Group have both priced in less weakness than our coverage group in the recent sell- down. Spirax is limited by a very high valuation and Smiths has rebounded recently on break-up news, but continues to struggle for operational momentum.

[philanderer] 20/11/2018 12:19

Market report:

"Spirax-Sarco Engineering, down 7.7%. After the market close on Monday, RBC cut the peristaltic pumps manufacturer to Underperform from Outperform. "

[philanderer] 20/11/2018 09:53

So it seems that RBC downgrade issued stateside yesterday is taking effect in London this morning. They must have one hell of a following.


RBC CUTS SPIRAX-SARCO TO 'UNDERPERFORM' (OUTPERFORM) - TARGET 6400 (7400) PENCE

[philanderer] 20/11/2018 09:49

Five days ago a well received trading update . Today turning to sh1te.

Beats me :-S

[philanderer] 15/11/2018 13:20

'The golden rule for successful acquisitions'


CEO Nicholas Anderson on the essence of FTSE 250 engineering firm Spirax Sarco's M&A strategy.

[philanderer] 15/11/2018 09:35

And that's what you call a good trading update 👍