Insider Buying: Diploma PLC (LON:DPLM) Insider Buys £167,647.60 in Stock

Diploma PLC (LON:DPLM) insider Chris Davies acquired 3,917 shares of the stock in a transaction on Friday, December 20th. The shares were bought at an average cost of GBX 4,280 ($53.65) per share, for a total transaction of £167,647.60 ($210,163.72).

Diploma Trading Up 1.1 %

Shares of LON:DPLM opened at GBX 4,292 ($53.80) on Wednesday. The company has a market cap of £5.75 billion, a PE ratio of 4,990.70, a P/E/G ratio of 2.82 and a beta of 0.75. The company’s 50 day moving average is GBX 4,408.04 and its two-hundred day moving average is GBX 4,326.55. Diploma PLC has a 52 week low of GBX 3,200 ($40.12) and a 52 week high of GBX 4,653 ($58.33). The company has a current ratio of 2.27, a quick ratio of 0.80 and a debt-to-equity ratio of 45.69.

Diploma Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a dividend of GBX 42 ($0.53) per share. The ex-dividend date is Thursday, January 16th. This represents a yield of 0.93%. This is a boost from Diploma’s previous dividend of $17.30. Diploma’s dividend payout ratio (DPR) is presently 6,627.91%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DPLM shares. JPMorgan Chase & Co. raised their price objective on Diploma from GBX 4,150 ($52.02) to GBX 4,370 ($54.78) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 5,100 ($63.93) price target on shares of Diploma in a research note on Friday, November 22nd. Finally, Shore Capital lowered shares of Diploma to a “hold” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,555 ($57.10).

About Diploma

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.