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Smiths Group plc ( (GB:SMIN) ) has issued an announcement.
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.
More about Smiths Group plc
Smiths Group plc is a global leader in engineering and technology, providing solutions across energy, safety & security, aerospace & defence, and general industrial markets. With a history spanning over 170 years, the company is listed on the London Stock Exchange and employs around 15,000 people in more than 50 countries.
YTD Price Performance: 7.50%
Average Trading Volume: 1,018,584
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.3B
For a thorough assessment of SMIN stock, go to TipRanks’ Stock Analysis page.
