Insider Selling: Halma plc (LON:HLMA) Insider Sells 6,958 Shares of Stock

Halma plc (LON:HLMA) insider Marc Ronchetti sold 6,958 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of GBX 2,611 ($33.77), for a total value of £181,673.38 ($234,962.98).

Halma Stock Up 1.4 %

LON HLMA opened at GBX 2,563 ($33.15) on Friday. The stock has a fifty day moving average of GBX 2,518.06 and a 200-day moving average of GBX 2,342.45. The stock has a market capitalization of £9.68 billion, a P/E ratio of 4,068.25, a price-to-earnings-growth ratio of 4.53 and a beta of 0.59. Halma plc has a 52 week low of GBX 1,802 ($23.31) and a 52 week high of GBX 2,750 ($35.57). The company has a debt-to-equity ratio of 45.76, a quick ratio of 1.51 and a current ratio of 2.68.

Halma Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 16th. Investors of record on Thursday, July 11th will be paid a dividend of GBX 13.20 ($0.17) per share. The ex-dividend date is Thursday, July 11th. This is a boost from Halma’s previous dividend of $8.41. This represents a dividend yield of 0.56%. Halma’s payout ratio is 3,333.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HLMA shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 2,400 ($31.04) price target on shares of Halma in a report on Friday, June 28th. Shore Capital reissued a “hold” rating on shares of Halma in a research note on Thursday, June 27th. Finally, Barclays raised Halma to an “overweight” rating and lifted their target price for the company from GBX 2,425 ($31.36) to GBX 2,650 ($34.27) in a research note on Tuesday, April 9th.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.