Halma plc (LON:HLMA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1,991.00. Halma shares last traded at $1,939.00, with a volume of 826,136 shares changing hands.
HLMA has been the subject of several recent analyst reports. Berenberg Bank raised their target price on shares of Halma from GBX 1,560 ($20.38) to GBX 1,705 ($22.28) and gave the company a “hold” rating in a research note on Tuesday, June 18th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Halma in a report on Wednesday, July 10th. Numis Securities reaffirmed a “hold” rating on shares of Halma in a report on Thursday, June 6th. Credit Suisse Group reissued an “outperform” rating on shares of Halma in a research note on Wednesday, July 3rd. Finally, Deutsche Bank reissued a “buy” rating on shares of Halma in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 1,706.50 ($22.30).
The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 26.79. The firm has a market cap of $7.39 billion and a P/E ratio of 43.28. The business’s 50-day moving average is GBX 1,993.87.
The firm also recently declared a dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, July 11th will be paid a dividend of GBX 9.60 ($0.13) per share. This is an increase from Halma’s previous dividend of $6.11. The ex-dividend date is Thursday, July 11th. This represents a yield of 0.48%. Halma’s dividend payout ratio is presently 0.42%.
In related news, insider Adam Meyers sold 20,437 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of GBX 1,982 ($25.90), for a total value of £405,061.34 ($529,284.39). Also, insider Marc Ronchetti sold 1,051 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of GBX 2,030 ($26.53), for a total transaction of £21,335.30 ($27,878.35).
About Halma (LON:HLMA)
Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.
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