The Independent Non-Executive Director of Spirax-Sarco Engineering plc (LON:SPX), Jane Kingston, Just Bought 41% More Shares

Potential Spirax-Sarco Engineering plc (LON:SPX) shareholders may wish to note that the Independent Non-Executive Director, Jane Kingston, recently bought UK£198k worth of stock, paying UK£125 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 41%.

View our latest analysis for Spirax-Sarco Engineering

The Last 12 Months Of Insider Transactions At Spirax-Sarco Engineering

In fact, the recent purchase by Jane Kingston was the biggest purchase of Spirax-Sarco Engineering shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of UK£127. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Jane Kingston was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Spirax-Sarco Engineering

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Spirax-Sarco Engineering insiders own 0.1% of the company, worth about UK£13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Spirax-Sarco Engineering Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Spirax-Sarco Engineering we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Spirax-Sarco Engineering, you should check out this free report on analyst forecasts for the company.

But note: Spirax-Sarco Engineering may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.