Halma (LON:HLMA) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Halma plc (LON:HLMA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,571.36 ($32.23) and traded as high as GBX 2,733 ($34.26). Halma shares last traded at GBX 2,720 ($34.10), with a volume of 297,280 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HLMA shares. Berenberg Bank lifted their price objective on Halma from GBX 2,450 ($30.71) to GBX 2,700 ($33.85) and gave the stock a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($32.59) price objective for the company in a report on Friday, December 6th. Finally, Shore Capital restated a “hold” rating on shares of Halma in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Halma has a consensus rating of “Hold” and a consensus target price of GBX 2,587.50 ($32.44).

Halma Stock Up 0.3 %

The company has a current ratio of 2.45, a quick ratio of 1.51 and a debt-to-equity ratio of 45.83. The stock has a market cap of £10.29 billion, a P/E ratio of 3,842.25, a PEG ratio of 2.93 and a beta of 0.53. The company’s 50 day moving average price is GBX 2,605.32 and its two-hundred day moving average price is GBX 2,571.36.

Halma Cuts Dividend

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

Insider Transactions at Halma

In other Halma news, insider Jennifer Ward sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 2,648 ($33.20), for a total transaction of £1,324,000 ($1,659,771.84). 2.20% of the stock is currently owned by company insiders.

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 Healthcare.