Smiths stock: Insider sells 26,686 shares. Berenberg lifts target for Smiths stock to GBp 3,200.00

Published on 10/24/2026 at 00:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Smiths Group posted GBP 1.9 billion revenue in fiscal year 2026. For Smiths stock, the dividend reached GBp 48.50 and margin targets span 21 to 23 percent.

Capital returns and analyst view

An insider sold 26,686 Smiths shares on October 21, 2026.
Fiscal year 2026 revenue reached GBP 1.9 billion and headline operating margin was 20.6 percent.
The full-year dividend reached GBp 48.50 after the September 22, 2026 results.

Smiths, GB00B1WY2338, Illustration mit AI erstellt.

Smiths Group (GB00B1WY2338) disclosed that insider Julian Fagge sold 26,686 shares in a transaction dated October 21, 2026, according to InsiderTrades. The transaction adds a concrete capital-markets detail to the company's latest operating update.

Results set the operating baseline

Smiths reported fiscal year 2026 organic revenue growth of 1.2 percent to GBP 1.9 billion and headline operating profit of GBP 399 million, according to the company's fiscal-year earnings call carried by Yahoo Finance on September 22, 2026. Headline operating margin reached 20.6 percent, an increase of 20 basis points.

The same call put headline earnings per share at 86.8 pence and the total fiscal-year dividend at 48.5 pence. Operating cash flow reached GBP 384 million, with operating cash conversion of 96 percent.

What does the target imply?

MarketBeat reported that Berenberg raised its Smiths target from GBp 3,000.00 to GBp 3,200.00 in a September 23, 2026 research note and assigned a buy rating. JPMorgan also raised its target from GBp 2,810.00 to GBp 3,100.00, while Royal Bank of Canada kept a sector-perform view with a GBp 2,500.00 target.

Three dated company developments

In April 2026, Smiths acquired DRC Heat Transfer for GBP 165 million, according to the fiscal-year earnings call. On September 22, 2026, the company reported GBP 1.9 billion of fiscal-year revenue and GBP 399 million of headline operating profit. On October 21, 2026, insider Julian Fagge sold 26,686 shares, according to InsiderTrades.

Next date is November 18

Smiths said its next market update will be the first-quarter trading update and annual general meeting on November 18, 2026, according to the earnings call transcript. Management's medium-term operating-margin target is 21 percent to 23 percent, while fiscal year 2027 organic revenue growth guidance is 4 percent.

Capital returns remain central

The operating figures give investors two reference points: fiscal year 2026 margin was 20.6 percent, while the stated medium-term target range begins at 21 percent. The dividend reached GBp 48.50 after the September 22 results, and the company said a further GBP 1.5 billion buyback related to Smiths Detection remained to execute by the end of calendar year 2027.

The further course of trading is shown by the continuously updated real-time quote of Smiths stock.