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Smiths Group plc (GB:SMIN)
LSE:SMIN

Smiths Group plc (SMIN) AI Stock Analysis

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Smiths Group plc

(LSE:SMIN)

78Outperform
Smiths Group plc presents a strong financial foundation with excellent revenue and cash flow growth. The strategic share buyback and financial maneuvers enhance shareholder value. While technical indicators suggest short-term caution, the company's fair valuation and steady dividend yield make it an attractive long-term investment in the industrial machinery sector.
Positive Factors
Sales Guidance
The raised FY25F OCC sales growth to a healthy 6% - 8% should be well-received by the street and is another upgrade at a time when many in the sector are facing mixed end-markets.
Share Buyback
The increased share buyback (to £500m) and likely return of any future disposal proceeds should be taken well, and 'newco' will be a high-quality business (John Crane & Flex-Tek).
Strategic Update
Smiths has announced a comprehensive strategic update, which goes further than expected, and will likely be taken well by the Street.
Negative Factors
Divestiture Plans
The decision to divest of Interconnect is perhaps not a complete surprise as it has been considered sub-scale for some time.
Management Change
The management change is particularly interesting, as CFO Scherrer has not been at Smiths long, and there would have been an expectation of a longer tenure.
Market Reaction
Management has raised its OCC sales guidance to 5% - 7% (from 4% - 6%) and points to 40-60bps increase in EBITA margin, which may slightly take the edge off any positive reaction to the strong start of the year.

Smiths Group plc (SMIN) vs. S&P 500 (SPY)

Smiths Group plc Business Overview & Revenue Model

Company DescriptionSmiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths Detection, Flex-Tek, Smiths Interconnect, and Smiths Medical divisions. The John Crane division offers mechanical seals, seal support systems, hydrodynamic bearings, packing materials, power transmission couplings, and specialized filtration systems. The Smiths Detection division provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband. The Flex-Tek division offers engineered components that heat and move fluids and gases for the aerospace, medical, industrial, construction, and domestic appliance markets. The Smiths Interconnect division provides specialized electronic and radio frequency board-level and waveguide devices, connectors, cables, test sockets, and sub-systems for applications in the security and defense, medical, general industrial, and space and aerospace markets. The Smiths Medical division offers infusion systems, vascular access, patient airway, and temperature management equipment products; and specialised devices in areas of diagnostic and emergency patient transport. The company was formerly known as Smiths Industries and changed its name to Smiths Group plc in 2000. Smiths Group plc was founded in 1851 and is headquartered in London, the United Kingdom.
How the Company Makes MoneySmiths Group plc generates revenue through the sale of its diversified range of products and services across its five major divisions: John Crane, Smiths Detection, Flex-Tek, Smiths Interconnect, and Smiths Medical. Each division targets specific industrial and commercial markets. John Crane provides mechanical seals and systems for energy industries, Smiths Detection offers advanced security screening solutions, Flex-Tek supplies flexible hoses and thermal systems, Smiths Interconnect delivers electronic components and radio frequency products, and Smiths Medical manufactures medical devices and consumables. The company benefits from long-term contracts, recurring service agreements, and strategic partnerships with key industry players, contributing to its robust revenue streams.

Smiths Group plc Financial Statement Overview

Summary
Smiths Group plc presents a strong financial position with solid revenue growth, efficient operations, and robust cash flow management. The company's stable balance sheet and strong profitability metrics position it well in the industrial goods sector. However, there is potential for enhancement in return on equity.
Income Statement
85
Very Positive
Smiths Group plc has shown solid revenue growth with a 3.13% increase from 2023 to 2024. The gross profit margin stands at 37.29%, and the net profit margin is 7.98%, indicating good profitability. The EBIT and EBITDA margins are 13.25% and 18.52%, respectively, reflecting strong operational efficiency.
Balance Sheet
78
Positive
The company's balance sheet is stable with a debt-to-equity ratio of 0.30, reflecting moderate leverage. The equity ratio of 52.71% indicates a strong capital structure. However, the return on equity is 11.21%, which suggests room for improvement in shareholder returns.
Cash Flow
82
Very Positive
Smiths Group demonstrates robust cash flow management with a free cash flow growth rate of 56.60% from 2023 to 2024. The operating cash flow to net income ratio is 1.67, indicating strong cash generation relative to net income. The free cash flow to net income ratio of 1.33 further underscores healthy cash flow.
Breakdown
Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
3.13B3.04B2.57B2.41B2.55B
Gross Profit
1.17B1.12B961.00M915.00M989.00M
EBIT
415.00M403.00M192.00M326.00M241.00M
EBITDA
580.00M566.00M287.00M428.00M332.00M
Net Income Common Stockholders
250.00M231.00M13.00M157.00M67.00M
Balance SheetCash, Cash Equivalents and Short-Term Investments
459.00M285.00M1.06B405.00M366.00M
Total Assets
4.23B4.36B5.22B5.34B5.41B
Total Debt
659.00M654.00M1.17B1.50B1.56B
Net Debt
200.00M369.00M110.00M1.10B1.20B
Total Liabilities
1.98B1.95B2.50B2.91B3.02B
Stockholders Equity
2.23B2.38B2.70B2.40B2.37B
Cash FlowFree Cash Flow
332.00M212.00M191.00M418.00M319.00M
Operating Cash Flow
418.00M293.00M279.00M535.00M429.00M
Investing Cash Flow
39.00M-108.00M1.25B-205.00M-144.00M
Financing Cash Flow
-269.00M-945.00M-985.00M-239.00M-188.00M

Smiths Group plc Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1829.00
Price Trends
50DMA
1922.83
Negative
100DMA
1873.52
Negative
200DMA
1773.30
Positive
Market Momentum
MACD
-28.02
Negative
RSI
46.13
Neutral
STOCH
77.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SMIN, the sentiment is Neutral. The current price of 1829 is above the 20-day moving average (MA) of 1812.91, below the 50-day MA of 1922.83, and above the 200-day MA of 1773.30, indicating a neutral trend. The MACD of -28.02 indicates Negative momentum. The RSI at 46.13 is Neutral, neither overbought nor oversold. The STOCH value of 77.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SMIN.

Smiths Group plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
£6.10B20.5513.99%2.38%6.10%33.05%
GBIMI
72
Outperform
£4.48B18.4923.50%1.64%0.64%4.92%
70
Outperform
£5.83B18.7017.83%1.67%-4.95%36.95%
67
Neutral
£5.17B39.9314.50%1.53%13.59%6.14%
GBRSW
67
Neutral
£1.67B17.0611.07%3.30%4.71%0.43%
66
Neutral
£544.83M11.0014.06%6.31%-1.26%6.56%
63
Neutral
$4.30B11.365.41%214.65%4.15%-9.13%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:SMIN
Smiths Group plc
1,829.00
254.13
16.14%
GB:DPLM
Diploma
3,894.00
316.07
8.83%
GB:IMI
IMI plc
1,747.00
24.38
1.42%
GB:MGAM
Morgan Advanced Materials
195.80
-100.20
-33.85%
GB:RSW
Renishaw
2,290.00
-1,760.34
-43.46%
GB:WEIR
Weir Group plc (The)
2,240.00
227.69
11.31%

Smiths Group plc Corporate Events

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Strategic Share Buyback
Positive
Apr 28, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, a move that aligns with its strategic financial management. The purchased shares will be canceled, potentially impacting the company’s share value and market perception positively by reducing the number of shares outstanding, which can enhance shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc demonstrates strong financial health with robust revenue and cash flow growth. The recent strategic initiatives, including share buybacks and acquisitions, further bolster its market position. While technical indicators suggest cautious optimism, the overall valuation remains fair. These factors make Smiths Group a solid choice for investors seeking stability and growth in the industrial machinery sector.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback on London Stock Exchange
Neutral
Apr 25, 2025

Smiths Group plc announced the purchase of its own ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. The shares, bought at varying prices, are set to be canceled, aligning with regulatory compliance. This move is part of Smiths Group’s ongoing strategy to manage its share capital effectively, potentially impacting its stock value and shareholder returns.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc demonstrates strong financial performance with consistent revenue growth and robust cash flow, despite some potential for improvement in return on equity. The technical analysis suggests caution due to short-term downward momentum. However, the company’s fair valuation, alongside strategic share buybacks and financing initiatives, positions it well for continued investor interest, especially among those seeking stability and growth potential in the industrial machinery sector.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Strategic Share Repurchase
Positive
Apr 24, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. The shares will be canceled, aligning with regulatory requirements, and this move reflects the company’s ongoing strategic financial management to optimize shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group maintains a strong financial foundation with notable revenue and cash flow growth, although technical indicators signal caution. Corporate initiatives, including a substantial share repurchase and strategic acquisitions, support the company’s market position. The fair valuation and dividend yield make it an attractive option for stability-focused investors.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Repurchase and Cancellation
Positive
Apr 23, 2025

Smiths Group plc has announced the repurchase of its ordinary shares from HSBC Bank plc on the London Stock Exchange, with the intention to cancel these shares. This move is part of a strategic initiative to manage its share capital and could potentially enhance shareholder value by reducing the number of shares outstanding.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc is well-positioned with strong financial performance, including solid revenue growth and excellent cash flow management. The ongoing share buyback and recent note programme bolster its market position. However, technical indicators call for caution in the short term, and while the stock’s valuation is fair, there remains room for improvement in return on equity.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Strategy
Positive
Apr 22, 2025

Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed by HSBC Bank plc, with the intention to cancel these shares. This move is part of their ongoing strategy to manage their share capital effectively, potentially impacting shareholder value and market perception positively.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc demonstrates a strong financial foundation with robust cash flow and efficient operations, supporting a stable outlook. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its long-term growth potential. The stock’s valuation is fair, with a moderate P/E ratio and a steady dividend yield, making it an attractive option for investors seeking stability and growth in the industrial machinery sector.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Buyback and Cancellation
Positive
Apr 17, 2025

Smiths Group plc announced the purchase of its ordinary shares on the London Stock Exchange, executed through HSBC Bank plc, with the intention to cancel the acquired shares. This strategic move is part of the company’s ongoing efforts to manage its share capital and potentially enhance shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Private Placements and FinancingBusiness Operations and Strategy
Smiths Group Launches EUR 2.5 Billion Note Programme
Positive
Apr 17, 2025

Smiths Group plc has announced the publication of its Base Prospectus for a EUR 2.5 billion Euro Medium Term Note Programme, which has been approved by the UK Financial Conduct Authority. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives across its diverse market sectors.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Executive/Board ChangesBusiness Operations and Strategy
Smiths Group Aligns Executive Incentives with Shareholder Value
Positive
Apr 17, 2025

Smiths Group plc announced the granting of share awards to Executive Directors Roland Carter and Julian Fagge under the 2024 Long Term Incentive Plan, aligning executive and shareholder interests. The awards, equivalent to 50% of each director’s salary, are contingent on performance conditions measured by a relative TSR metric over three years, reflecting the company’s strategic focus on unlocking shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock Buyback
Smiths Group Executes Share Buyback Plan
Neutral
Apr 16, 2025

Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed through HSBC Bank plc, as part of a previously announced plan. The company intends to cancel these shares, a move that could potentially impact its share value and market positioning by reducing the number of shares outstanding, thus increasing the value of remaining shares for stakeholders.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock Buyback
Smiths Group Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 15, 2025

Smiths Group plc announced the repurchase of its ordinary shares from HSBC Bank plc on the London Stock Exchange, as per instructions issued in March 2025. The company plans to cancel these shares, a move that could impact its share value and market perception by reducing the number of shares in circulation, potentially increasing shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback on London Stock Exchange
Neutral
Apr 11, 2025

Smiths Group announced the purchase and subsequent cancellation of its ordinary shares on the London Stock Exchange, a move executed through HSBC Bank. This transaction is part of Smiths Group’s ongoing strategy to manage its share capital, potentially impacting its market positioning and shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock Buyback
Smiths Group Executes Share Buyback on LSE
Neutral
Apr 10, 2025

Smiths Group announced the repurchase of its ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. The shares, purchased at varying prices, will be canceled, aligning with regulatory requirements. This move could impact the company’s stock value and shareholder equity by reducing the number of shares in circulation.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback on LSE
Neutral
Apr 9, 2025

Smiths Group plc has announced the repurchase of its ordinary shares on the London Stock Exchange, a move executed through HSBC Bank plc as per prior instructions. The company plans to cancel these shares, reflecting a strategic decision to manage its share capital, which may impact its market positioning and shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback from HSBC
Neutral
Apr 8, 2025

Smiths Group plc announced the repurchase of its ordinary shares from HSBC Bank plc on the London Stock Exchange, as part of a transaction initiated on March 25, 2025. The company plans to cancel the purchased shares, which could potentially impact its stock value and shareholder equity, reflecting a strategic move to manage its capital structure.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Executive/Board ChangesBusiness Operations and Strategy
Smiths Group Grants Share Awards to Director Julian Fagge
Neutral
Apr 8, 2025

Smiths Group plc announced that Julian Fagge, a Director, has been granted 21,219 share awards under the 2024 Long Term Incentive Plan. This move aligns with the company’s Directors’ Remuneration Policy and reflects its commitment to incentivize leadership performance over the next three financial years, potentially impacting the company’s strategic goals and shareholder value.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Program
Neutral
Apr 8, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, as part of a previously issued instruction. The shares were purchased from HSBC Bank plc and will be canceled, aligning with regulatory requirements. This move may impact the company’s stock value and shareholder equity, reflecting a strategic decision to manage its capital structure.

Spark’s Take on GB:SMIN Stock

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

Smiths Group plc exhibits a strong financial foundation with solid revenue and cash flow growth, although there is room for improvement in return on equity. While technical indicators suggest short-term caution, the company’s strategic initiatives, including share buybacks and acquisitions, reinforce its market position and support long-term growth potential. The valuation is fair, complemented by a steady dividend yield.

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

Stock BuybackBusiness Operations and Strategy
Smiths Group Enhances Market Position with Share Repurchase
Positive
Apr 3, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. The company plans to cancel these shares, which is part of its strategy to manage its capital structure effectively. This move is likely to impact the company’s market positioning by potentially increasing the value of remaining shares and demonstrating financial stability.

Stock BuybackRegulatory Filings and Compliance
Smiths Group Announces Total Voting Rights and Capital Update
Neutral
Apr 1, 2025

Smiths Group plc announced its total voting rights and capital as of March 31, 2025, with an issued share capital comprising 339,362,389 ordinary shares. This figure is crucial for shareholders and other stakeholders for disclosure obligations under the FCA’s rules. The announcement also notes that shares purchased under the Share Buyback Programme in late March have not yet settled and been cancelled, which may impact the total voting rights in the future.

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Buyback and Cancellation
Neutral
Mar 28, 2025

Smiths Group plc announced the purchase of its own ordinary shares on the London Stock Exchange, executed through HSBC Bank plc. The shares, bought at varying prices, will be canceled, aligning with regulatory requirements. This move could potentially impact the company’s share value and reflects a strategic decision to manage its capital structure.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback from HSBC
Neutral
Mar 26, 2025

Smiths Group announced the repurchase of its ordinary shares from HSBC Bank plc, executed on March 26, 2025. This move, which involves the cancellation of the purchased shares, is part of the company’s ongoing capital management strategy, potentially impacting its market positioning and shareholder value.

M&A TransactionsStock BuybackBusiness Operations and StrategyFinancial Disclosures
Smiths Group Reports Strong H1 2025 Results and Strategic Focus Shift
Positive
Mar 25, 2025

Smiths Group plc reported strong financial results for the first half of 2025, with a 9.1% organic revenue growth and a 12.6% increase in operating profit. The company is executing a strategic plan to enhance value creation by focusing on its high-performance John Crane and Flex-Tek businesses, while divesting Smiths Interconnect and Smiths Detection. This strategic shift aims to deliver sustainable growth, higher margins, and strong returns, supported by a substantial share buyback program and new medium-term financial targets.

M&A TransactionsBusiness Operations and Strategy
Smiths Group Expands North American Presence with Duc-Pac Acquisition
Positive
Mar 25, 2025

Smiths Group plc has acquired Duc-Pac Corporation, a US-based metal duct manufacturer for HVAC applications, for $40.5 million. This acquisition is part of Smiths Group’s strategy to expand its North American construction segment and enhance its Flex-Tek business by increasing market presence and creating cross-selling opportunities. The acquisition is expected to be accretive to the Group’s margin and aligns with Smiths Group’s track record of integrating bolt-on acquisitions to support organic growth.

Stock Buyback
Smiths Group Initiates £350 Million Share Buyback Tranche
Neutral
Mar 25, 2025

Smiths Group plc has announced the commencement of the next tranche of its £500 million share buyback programme, with plans to purchase up to £350 million of ordinary shares. This move aims to reduce the company’s share capital, with the programme expected to conclude by the end of 2025. The company has partnered with HSBC Bank plc to manage this tranche, adhering to regulatory requirements and shareholder authority granted at the 2024 AGM.

Stock Buyback
Smiths Group Completes Share Buyback Program
Positive
Mar 24, 2025

Smiths Group plc announced the completion of its share buyback program, purchasing a total of 5,201,399 ordinary shares for £100,500,104.74. The final transactions were conducted on March 21, 2025, marking the end of the program initiated in November 2024. This strategic move is likely to impact the company’s stock value and shareholder returns positively by reducing the number of shares in circulation.

Stock BuybackBusiness Operations and Strategy
Smiths Group Enhances Capital Structure with Share Repurchase
Positive
Mar 21, 2025

Smiths Group plc announced the repurchase of a significant number of its ordinary shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. This strategic move, initiated in November 2024, aims to optimize the company’s capital structure by canceling the acquired shares, potentially enhancing shareholder value and market positioning.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Strategic Share Buyback
Positive
Mar 19, 2025

Smiths Group plc announced the repurchase of its ordinary shares from J.P. Morgan Securities plc, as part of a previously issued instruction. The company intends to cancel these shares, which is a strategic move that could impact its market positioning by potentially increasing shareholder value and optimizing capital structure.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Strategic Share Buyback
Positive
Mar 18, 2025

Smiths Group plc has executed a share buyback, purchasing 100,000 of its ordinary shares on the London Stock Exchange. This move, facilitated by J.P. Morgan Securities plc, is part of a strategic initiative announced in November 2024. The company plans to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.

Stock Buyback
Smiths Group Enhances Shareholder Value with Share Buyback
Positive
Mar 17, 2025

Smiths Group plc has repurchased a significant number of its ordinary shares on the London Stock Exchange, as part of a previously announced buyback program. The repurchased shares will be cancelled, a move that could potentially enhance shareholder value by reducing the number of shares outstanding and possibly increasing earnings per share.

Stock BuybackBusiness Operations and Strategy
Smiths Group Enhances Shareholder Value Through Share Buyback
Positive
Mar 14, 2025

Smiths Group plc has repurchased a significant number of its ordinary shares on the London Stock Exchange, as part of a previously announced plan. The shares, purchased from J.P. Morgan Securities plc, will be canceled, which could potentially enhance shareholder value by reducing the number of shares outstanding. This move reflects the company’s strategic approach to managing its capital structure and may have implications for its market positioning and stakeholder interests.

Stock Buyback
Smiths Group Executes Share Buyback to Optimize Capital Structure
Neutral
Mar 13, 2025

Smiths Group plc announced the repurchase of its own shares on the London Stock Exchange, purchasing a total of 99,023 shares at varying prices. This transaction, executed through J.P. Morgan Securities, is part of a previously announced buyback program aimed at optimizing the company’s capital structure. The repurchased shares will be canceled, which could potentially enhance shareholder value by reducing the number of outstanding shares.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback to Optimize Capital Structure
Positive
Mar 12, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. The repurchased shares, totaling 99,225, will be canceled, which is part of a strategic move to manage the company’s capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Program
Neutral
Mar 11, 2025

Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. This transaction, part of a previously announced buyback program, involved the acquisition of over 99,000 shares at varying prices. The purchased shares will be canceled, potentially impacting the company’s share value and capital structure, reflecting a strategic move to optimize shareholder value.

Stock Buyback
Smiths Group Executes Share Buyback on London Stock Exchange
Neutral
Mar 10, 2025

Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, facilitated by J.P. Morgan Securities plc. The transaction, initially instructed in November 2024, involved the acquisition of 100,000 shares at an average price of approximately 1,994 GBp per share. The company plans to cancel these shares, which may impact its share capital structure and potentially influence market perceptions of its financial health and strategic direction.

Stock Buyback
Smiths Group Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 6, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. The transaction, part of a previously announced buyback program, involved the purchase of 99,235 shares at a volume-weighted average price of approximately 2,011 GBp. This move is aimed at reducing the company’s share capital, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Strategy
Neutral
Mar 5, 2025

Smiths Group plc has announced the repurchase of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. The transaction involved purchasing a total of 100,000 shares, which will subsequently be canceled. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Program
Neutral
Mar 4, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc, as part of a previously declared buyback program. The company plans to cancel these shares, a move that could impact its capital structure and shareholder value, reflecting a strategic decision to optimize its financial operations.

Stock BuybackRegulatory Filings and Compliance
Smiths Group Announces Total Voting Rights and Share Capital Update
Neutral
Mar 3, 2025

Smiths Group plc announced that as of 28 February 2025, its issued share capital consisted of 341,000,967 Ordinary shares, each with one voting right. This total voting rights figure is crucial for shareholders and others with disclosure obligations under the FCA’s rules. The announcement also notes that shares purchased under the Share Buyback Programme on 27 and 28 February 2025 have not yet settled and been cancelled, indicating ongoing adjustments in the company’s share capital.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback and Cancellation
Positive
Mar 3, 2025

Smiths Group plc announced the purchase and subsequent cancellation of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. This move aligns with the company’s strategic financial management, potentially impacting shareholder value and market perception positively by reducing the number of shares outstanding.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback to Optimize Capital Structure
Positive
Feb 28, 2025

Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. The transaction, involving the acquisition of 100,000 shares, is part of a previously announced buyback program. This strategic move to cancel the purchased shares is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback on London Stock Exchange
Neutral
Feb 27, 2025

Smiths Group plc has announced the purchase of its own shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. The transaction, which was part of a plan announced in November 2024, involved buying back a total of 100,000 shares at an average price of approximately 2,041 GBp per share. The purchased shares will be canceled, which may impact the company’s share capital structure and potentially influence its stock value. This move is part of Smiths Group’s broader strategy to manage its capital structure effectively.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback to Optimize Capital Structure
Positive
Feb 26, 2025

Smiths Group plc announced the purchase and subsequent cancellation of 100,000 of its ordinary shares on the London Stock Exchange, as part of a previously announced buyback program. This move is in line with the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its equity base.

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Buyback to Optimize Capital Structure
Positive
Feb 25, 2025

Smiths Group plc has announced the repurchase of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. The transaction involved the purchase of 100,000 shares, which will be subsequently canceled, as part of the company’s ongoing capital management strategy. This move is expected to optimize the company’s capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Strategic Share Buyback
Positive
Feb 24, 2025

Smiths Group plc has executed a share repurchase transaction, buying back a significant number of its ordinary shares from J.P. Morgan Securities. The shares, purchased at varying prices on the London Stock Exchange, will be canceled, which could positively impact the company’s stock value and shareholder returns.

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Repurchase and Cancellation
Positive
Feb 21, 2025

Smiths Group plc has announced the repurchase of 100,000 of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities, pursuant to instructions issued in November 2024. The purchased shares will be canceled, aligning with the company’s strategy to manage its share capital effectively, which may positively impact shareholder value and the company’s market positioning.

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Repurchase on London Stock Exchange
Positive
Feb 20, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange. This transaction, involving over 97,000 shares, was part of a previously issued instruction and reflects the company’s strategy to manage its share capital. The repurchase and subsequent cancellation of shares may positively impact Smiths Group’s financial metrics by potentially increasing earnings per share and enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback, Enhancing Market Position
Positive
Feb 19, 2025

Smiths Group announced the repurchase of its ordinary shares from J.P. Morgan Securities, a move intended to cancel the shares as part of their capital management strategy. This action underscores Smiths Group’s commitment to optimizing shareholder value and reflects their strong market position, which may have positive implications for stakeholders by potentially enhancing earnings per share and providing a signal of confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Completion of Share Buyback Program
Neutral
Feb 18, 2025

Smiths Group plc has completed a share buyback transaction, purchasing 98,050 ordinary shares from J.P. Morgan Securities plc on the London Stock Exchange. This move, announced as part of its strategic plan on November 13, 2024, is aimed at optimizing the company’s capital structure through the cancellation of the acquired shares.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Strategy
Neutral
Feb 17, 2025

Smiths Group plc announced the purchase and subsequent cancellation of its own shares on the London Stock Exchange. This move, executed through J.P. Morgan Securities, reflects a strategic decision to manage the company’s share capital, potentially impacting its market standing and long-term shareholder value.

Stock Buyback
Smiths Group Enhances Shareholder Value with Share Repurchase
Positive
Feb 14, 2025

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.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Strategic Share Buyback
Positive
Feb 13, 2025

Smiths Group plc has executed a share buyback program, acquiring a significant number of its own shares on the London Stock Exchange and BATE. The move is in line with the company’s strategic plan to enhance shareholder value by reducing the number of shares in circulation, which is expected to positively impact the company’s earnings per share and overall market perception.

Stock BuybackBusiness Operations and Strategy
Smiths Group Announces Share Buyback and Cancellation
Positive
Feb 12, 2025

Smiths Group PLC has announced the repurchase of 99,215 of its ordinary shares from J.P. Morgan Securities, following instructions issued in November 2024. The shares, purchased on the London Stock Exchange and other venues, will be canceled as part of the company’s strategy to manage its share capital, potentially improving shareholder value and reducing the overall number of outstanding shares.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback Strategy
Positive
Feb 11, 2025

Smiths Group plc announced the purchase of its own ordinary shares on the London Stock Exchange through J.P. Morgan Securities plc, as per instructions issued in November 2024. This transaction, involving the acquisition of 99,878 shares at a volume-weighted average price of approximately 2,046.7 GBp per share, is part of a broader strategy to manage the company’s capital effectively. The purchased shares will be canceled, potentially impacting the company’s market capitalization and signaling confidence in its financial health to stakeholders.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback to Optimize Capital Structure
Positive
Feb 10, 2025

Smiths Group plc announced the purchase and subsequent cancellation of its ordinary shares on the London Stock Exchange, executed by J.P. Morgan Securities plc. This move is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Smiths Group Enhances Market Position Through Share Buyback
Positive
Feb 7, 2025

Smiths Group plc has announced the purchase and cancellation of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities plc. This strategic move, following instructions issued in November 2024, reflects the company’s efforts to optimize its share capital structure, potentially enhancing shareholder value and market position.

Stock BuybackBusiness Operations and Strategy
Smiths Group Executes Share Buyback to Optimize Capital Structure
Positive
Feb 6, 2025

Smiths Group plc has announced the purchase and subsequent cancellation of 100,000 of its ordinary shares from J.P. Morgan Securities plc on the London Stock Exchange. This transaction, originally instructed in November 2024, aligns with Smiths Group’s strategic objectives under the Market Abuse Regulation. The buyback reflects the company’s commitment to optimizing its capital structure, potentially increasing shareholder value.

Business Operations and StrategyRegulatory Filings and Compliance
JPMorgan Chase Reduces Stake in Smiths Group PLC
Neutral
Feb 4, 2025

Smiths Group PLC, a UK-based issuer, experienced a change in major holdings involving JPMorgan Chase & Co., which is registered in the US. On January 31, 2025, JPMorgan Chase & Co. crossed a threshold in their holdings of Smiths Group voting rights, dropping below the minimum threshold. This notification was officially recorded on February 4, 2025, indicating a reduction in JPMorgan’s influence over Smiths Group’s decisions.

Other
Smiths Group Directors Acquire Additional Shares
Positive
Feb 3, 2025

Smiths Group plc announced transactions involving its Non-executive Directors, Karin Hoeing and Richard Howes, who have each acquired ordinary shares of the company. These transactions are part of a quarterly acquisition plan, using a fixed proportion of their after-tax fees to purchase shares. This reflects an ongoing commitment by the company’s leadership to maintain and possibly increase their stake in Smiths Group, potentially influencing investor confidence and aligning management interests with shareholders.

Stock BuybackRegulatory Filings and Compliance
Smiths Group Announces Total Voting Rights as of January 2025
Neutral
Feb 3, 2025

Smiths Group PLC announced its total voting rights and capital as of January 31, 2025, with an issued share capital comprising 342,612,615 ordinary shares. Each share carries one vote, and the total voting rights figure is crucial for shareholders to determine disclosure obligations. Recent share buybacks on January 30 and 31 have not yet been settled or cancelled, indicating potential future changes in voting rights.

Stock BuybackBusiness Operations and Strategy
Smiths Group Enhances Shareholder Value with Share Buyback
Positive
Jan 31, 2025

Smiths Group plc announced the repurchase and cancellation of its own shares on the London Stock Exchange, a move facilitated by J.P. Morgan Securities. This decision is part of a strategy to enhance shareholder value, reflect confidence in the company’s financial health, and potentially improve earnings per share.

M&A TransactionsStock BuybackBusiness Operations and Strategy
Smiths Group Announces Strategic Shift to Enhance Shareholder Returns
Positive
Jan 31, 2025

Smiths Group plc announced strategic actions to focus on high-performance industrial technologies through its John Crane and Flex-Tek businesses, and to divest Smiths Interconnect and Smiths Detection. This strategy aims to streamline operations, enhance shareholder returns, and ensure disciplined capital allocation for sustained growth. The company has increased its share buyback program to £500 million and plans to return a large portion of disposal proceeds to shareholders. These changes position Smiths Group for future growth by simplifying its business structure and capitalizing on strong market positions in energy and industrial sectors.

Stock BuybackBusiness Operations and Strategy
Smiths Group Enhances Shareholder Value Through Strategic Share Repurchase
Positive
Jan 30, 2025

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, as per their previous instructions to J.P. Morgan Securities plc. The shares were bought at an average price of 1,851.9313 GBp and 1,851.8649 GBp on 29 January 2025, with plans for these shares to be canceled. This transaction is part of their strategic approach to optimize capital structure and shareholder value, potentially impacting the company’s market positioning positively.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.