Spectris: End Markets Showing Signs Of Recovery For This Dividend Aristocrat

2025-03-13 10:52:04 ET

Summary

• Spectris PLC, a British dividend aristocrat, shows signs of recovery with orders growing again, and efficiency actions helping profitability after a challenging 2024.
• .The company strategically invested £1.1 billion in bolt-on acquisitions and £600 million in R&D, enhancing its competitive moat and market share.
• Management is cautiously optimistic about end-market stabilization, aiming for over 20% operating margins by 2027, with significant EPS growth potential.
• Shares appear to be trading at a very reasonable valuation, given the high-quality businesses it owns and its strong competitive moat.

Spectris PLC ( OTCPK:SEPJF )( OTCPK:SEPJY ) is a not a very well-known British dividend aristocrat which we have covered in the past. We thought late last year that shares were trading at a very attractive price, since then performance has been lackluster despite outperforming the S&P 500 Index ( SP500 ). We believe Spectris to be an example of a wonderful business at a reasonable price, even if some of its end-markets create some cyclicality. ...

Read the full article on Seeking Alpha

For further details see: