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Smiths Group plc ( (GB:SMIN) ) just unveiled an update.
Smiths Group plc announced that it has repurchased a total of 100,000 ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc. This move is part of a share buyback program announced in November 2024 and aims to enhance shareholder value by reducing the number of shares in circulation. The cancellation of these shares is expected to positively impact the company’s financial metrics and demonstrates its commitment to returning value to shareholders.
More about Smiths Group plc
Smiths Group plc is a multinational company with over 170 years of experience in engineering. They operate across four major global markets: Energy, General Industry, Safety & Security, and Aerospace. With more than 15,000 employees in over 50 countries, Smiths Group is dedicated to creating a safer, more efficient, and better-connected world.
YTD Price Performance: 21.12%
Average Trading Volume: 1,037,526
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.09B
Learn more about SMIN stock on TipRanks’ Stock Analysis page.
