Insider Buying: Halma plc (LON:HLMA) Insider Buys 8,000 Shares of Stock

Halma plc (LON:HLMA) insider Carole Cran bought 8,000 shares of Halma stock in a transaction on Monday, January 13th. The stock was acquired at an average price of GBX 2,659 ($32.46) per share, with a total value of £212,720 ($259,699.67).

Halma Trading Up 0.6 %

Shares of Halma stock opened at GBX 2,663 ($32.51) on Wednesday. The company has a market cap of £10.04 billion, a price-to-earnings ratio of 3,750.70, a PEG ratio of 2.93 and a beta of 0.53. Halma plc has a 1 year low of GBX 2,136 ($26.08) and a 1 year high of GBX 2,815 ($34.37). The company’s fifty day simple moving average is GBX 2,669.42 and its 200-day simple moving average is GBX 2,610.46. The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83.

Halma Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, December 19th will be paid a GBX 9 ($0.11) dividend. The ex-dividend date is Thursday, December 19th. This represents a dividend yield of 0.36%. Halma’s payout ratio is 3,098.59%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HLMA shares. Shore Capital reiterated a “hold” rating on shares of Halma in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Halma to a “neutral” rating and set a GBX 2,600 ($31.74) target price for the company in a report on Friday, December 6th. Finally, Berenberg Bank boosted their price objective on shares of Halma from GBX 2,450 ($29.91) to GBX 2,700 ($32.96) and gave the stock a “hold” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Halma has an average rating of “Hold” and an average price target of GBX 2,587.50 ($31.59).

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.