Smiths Group plc

GLEIF (checked 2026-09-13): SMITHS GROUP PLC (LEI 213800MJL6IPZS3ASA11, GB, ISSUED -- matches lei: already on file) reports no parent on file (parent_reported: false), consistent with reality: Smiths Group is publicly listed (LSE: SMIN) with no controlling shareholder. ~89% institutional ownership; largest reported holder Wellington Management Group LLP at ~5.07%, per a 2026 13D/G-filing aggregation -- a dispersed institutional register, not a control stake.

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

As a buyer, policy pressure across its consumed materials is rising.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

No actions in the register have named or swept this company in the last 24 months.