Rotork directors try to stem falling stock
Martin Lamb and Gary Bullard have purchased a handful of shares in Rotork, in a bid to stem the falling value of the company.
FTSE 250
20,640.23
16:49 02/01/25
FTSE 350
4,552.87
16:50 02/01/25
FTSE AIM 100
3,483.73
17:14 02/01/25
FTSE AIM 50
3,902.44
17:14 02/01/25
FTSE AIM All-Share
723.70
17:14 02/01/25
FTSE All-Share
4,509.26
17:14 02/01/25
General Retailers
4,711.95
16:29 02/01/25
Industrial Engineering
12,381.14
16:29 02/01/25
Mulberry Group
108.50p
16:50 02/01/25
Rotork
315.20p
16:45 02/01/25
JPMorgan Cazenove downgraded the stock to ‘neutral’ from ‘overweight’ and slashed its price target to 180p from 245p. It followed the company’s profit warning last week.
Both Lamb and Bullard have bought 50,000 and 10,000 respectively at the premium price of 187.84p per share.
However it wasn’t enough to completely stem the flow – at 1604 BST it had slid down to 175.50p.
The chariman and non-executive director will be hoping to turn things around before the company’s next trading statement in November.
Meanwhile Roger Mather has been offloading stock in Mulberry Group again.
It’s the third sale he’s made in the last seven days, dumping a total of 56,500 shares and taking home a tidy sum of just over half a million pounds.
This leaves him with only 83,383 shares left in the company, along with just under 100,000 unvested options.
Top Director Buys
Rotork (ROR)
Director name: Mr Martin Lamb
Amount purchased: 50,000 @ 187.84p
Value: £93,920
Rotork (ROR)
Director name: Mr Gary Bullard
Amount purchased: 10,000 @ 187.47p
Value: £18,747
City of London Inv Trust (CTY)
Director name: Mrs Samantha Wren
Amount purchased: 4,000 @ 375.60p
Value: £15,024
Top Director Sells
Mulberry Group (MUL)
Director name: Mr Roger T Mather
Amount sold: 23,500 @ 895.00p
Value: £210,325