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Smiths Group Cancels Newly Repurchased Shares in Ongoing Buyback

Story Highlights
  • Smiths Group repurchased 149,000 shares on 13 February 2026 for cancellation, at an average price near 2,620 pence.
  • The buyback, executed via HSBC under prior instructions, supports Smiths Group’s capital return strategy alongside its industrial growth focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Smiths Group Cancels Newly Repurchased Shares in Ongoing Buyback

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An update from Smiths Group plc ( (GB:SMIN) ) is now available.

Smiths Group has continued its share buyback activity, purchasing a total of 149,000 ordinary shares on 13 February 2026 across several trading venues at volume-weighted average prices around 2,620 pence per share. The company intends to cancel these shares, reducing its share count and potentially enhancing earnings per share and capital efficiency for investors.

The latest repurchases were executed through HSBC under previously disclosed instructions issued in November 2025, underscoring Smiths Group’s ongoing capital return programme alongside its core industrial engineering operations. The move aligns with a strategy to optimise the balance sheet while maintaining focus on attractive growth segments in energy, industrials and construction.

The most recent analyst rating on (GB:SMIN) stock is a Hold with a £2840.00 price target. To see the full list of analyst forecasts on Smiths Group plc stock, see the GB:SMIN Stock Forecast page.

Spark’s Take on GB:SMIN Stock

According to Spark, TipRanks’ AI Analyst, GB:SMIN is a Neutral.

Smiths Group plc’s overall stock score reflects strong financial health and strategic initiatives to enhance shareholder value. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. Positive earnings call and corporate events provide a supportive outlook.

To see Spark’s full report on GB:SMIN stock, click here.

More about Smiths Group plc

Smiths Group is a London-listed industrial engineering company with a 170-year history of developing technology for energy, industrial and construction markets. It focuses on solving complex customer problems linked to decarbonisation and rising demand for process and energy efficiency, and employs around 16,000 people in more than 50 countries.

Average Trading Volume: 1,210,213

Technical Sentiment Signal: Buy

Current Market Cap: £8.24B

See more insights into SMIN stock on TipRanks’ Stock Analysis page.

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