SPIRAX-SARCO ENGINEERING PLC (SPX) Shares
ABOUT SPIRAX-SARCO ENGINEERING PLC
Spirax-Sarco Engineering plc is a British-based manufacturer of steam management systems and peristaltic pumps and associated fluid path technologies. Its headquarters are in Charlton House, Cheltenham, United Kingdom with subsidiaries Chromalox, Inc., GESTRA AG and Spirax-Sarco Limited. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company was founded by Herman Sanders in 1888 and was named as Sanders, Rehders & Co (Sarco) when a Mr Rehders joined. They imported thermostatic steam traps from Germany and later started to manufacture it in the UK under the Spirax brand name.
Since 1990 the company diversified in pump manufacturing after buying other metering and process controls businesses.
In June 2010 a new facility in Shanghai, China, combining a factory, warehouse and offices, was designed as Spirax’s regional headquarters.
In 2012 the company also bought a distributor based in Santiago de Chile.
OVERVIEW OF SPIRAX-SARCO ENGINEERING PLC
Spirax-Sarco Engineering plc has two main operations: Spirax-Sarco provides engineered solutions for the design, maintenance and provision of industrial and commercial steam systems and Watson-Marlow Fluid Technology Group provides peristaltic pumps and associated fluid path technologies for the food, pharmaceutical, chemical and environmental industries.
Today Spirax-Sarco has more than 130 operating companies, branches and associates in 47 countries across the world.
They provide consultation, service and products and produce boiler controls, pressure controls, temperature controls, steam traps, flow meters, monitors, safety valves, humidifiers, strainers, separators and fluid pumps.
Spirax-Sarco has a direct sales presence in 62 countries worldwide through three world-leading businesses.
Steam Specialties (Spirax Sarco and Gestra), controls and manages steam; Chromalox provide solutions for electrical thermal energy; and Watson-Marlow provides peristaltic pumping and associated fluid path technologies.
VISION & VALUES OF SPIRAX-SARCO ENGINEERING PLC
Spirax-Sarco Engineering plc’s vision is to deliver consistent, profitable and sustainable growth and value to shareholders, and to be the global leader and customers’ first choice as provider of steam and electrical process heating solutions, and peristaltic pumps and associated fluid path technologies.
The Group has a history of consistent, profitable growth and shareholder value and showed dividend progress over 51 years.
They are committed to high standards of corporate governance and take its responsibility towards employees’ lawful conduct and high standards of business integrity seriously.
This, combined with their clear and consistent strategy, equips the group sustainability for shareholders who purchase shares with them.
MARKET PERFORMANCE OF SPIRAX-SARCO ENGINEERING PLC
Spirax-Sarco Engineering plc’s shares are traded on the Financial Times Stock Exchange (FTSE) under the stock symbol SPX listed in the Engineering Products sector.
It reported good organic sales growth of more than 7% in 2018, ahead of global industrial production growth; and organic adjusted operating profit growth of more than 12%. Revenue for 2018 was £ 1,153.3 million, operating income £ 264.9 million and net income £ 223.4 million.
This performance in the market allows shareholders to confidentially buy or sell shares and expect sound dividends and returns in 2019 and in future.
Buy SPIRAX-SARCO ENGINEERING PLC stocks / shares – A Step by Step Guide how to Buy / Purchase SPIRAX-SARCO ENGINEERING PLC Stocks or Shares online.
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STEP 1: PROPER RESEARCH IS ESSENTIAL
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STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SPIRAX-SARCO ENGINEERING PLC STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
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STEP 5: COMMIT AND PURCHASE SPIRAX-SARCO ENGINEERING PLC STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SPIRAX-SARCO ENGINEERING PLC stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy SPIRAX-SARCO ENGINEERING PLC stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?