Insider Buying: Halma plc (LON:HLMA) Insider Buys 3,061 Shares of Stock

Halma plc (LON:HLMA – Get Rating) insider Tony Rice bought 3,061 shares of the stock in a transaction dated Thursday, June 16th. The shares were bought at an average price of GBX 1,922 ($23.33) per share, for a total transaction of £58,832.42 ($71,407.23).

Shares of Halma stock traded up GBX 32.29 ($0.39) during trading hours on Friday, hitting GBX 1,908.79 ($23.17). The company’s stock had a trading volume of 1,783,458 shares, compared to its average volume of 717,569. The stock has a market cap of £7.25 billion and a price-to-earnings ratio of 27.95. The company has a debt-to-equity ratio of 32.21, a quick ratio of 1.60 and a current ratio of 2.35. Halma plc has a twelve month low of GBX 1,855.30 ($22.52) and a twelve month high of GBX 3,270 ($39.69). The firm has a fifty day moving average of GBX 2,283.20 and a 200-day moving average of GBX 2,534.08.

The business also recently announced a dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, July 14th will be given a GBX 11.53 ($0.14) dividend. The ex-dividend date is Thursday, July 14th. This represents a yield of 0.61%. This is a boost from Halma’s previous dividend of $7.35. Halma’s dividend payout ratio is presently 0.26%.

A number of equities analysts have weighed in on HLMA shares. Berenberg Bank reissued a “hold” rating and set a GBX 2,980 ($36.17) price objective on shares of Halma in a research note on Thursday, March 31st. Morgan Stanley reissued an “equal weight” rating on shares of Halma in a research report on Wednesday, May 11th. Finally, Shore Capital restated a “buy” rating on shares of Halma in a research report on Thursday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Halma presently has a consensus rating of “Hold” and an average target price of GBX 2,595.20 ($31.50).

About Halma (Get Rating)

Halma plc provides technology solutions in the safety, health, and environmental markets. It operates through four segments: Process Safety, Infrastructure Safety, Environmental & Analysis, and Medical. The Process Safety segment offers specialized interlocks that control critical processes safely; instruments that detect hazardous gases; and explosion protection and corrosion monitoring systems.

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