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 the business’s stock in a transaction on Monday, January 13th. The stock was bought at an average price of GBX 2,659 ($32.55) per share, for a total transaction of £212,720 ($260,367.20).

Halma Stock Performance

Shares of HLMA opened at GBX 2,710 ($33.17) on Thursday. Halma plc has a 52 week low of GBX 2,136 ($26.14) and a 52 week high of GBX 2,815 ($34.46). The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The stock has a 50 day moving average price of GBX 2,672 and a two-hundred day moving average price of GBX 2,610.78. The firm has a market capitalization of £10.22 billion, a P/E ratio of 3,816.90, a P/E/G ratio of 2.93 and a beta of 0.53.

Halma Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HLMA shares. Shore Capital reaffirmed a “hold” rating on shares of Halma in a research note on Thursday, November 21st. Berenberg Bank lifted their target price on Halma from GBX 2,450 ($29.99) to GBX 2,700 ($33.05) and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($31.82) price objective on the stock in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Halma currently has an average rating of “Hold” and a consensus target price of GBX 2,587.50 ($31.67).

Halma Company Profile

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.