Halma (LON:HLMA) Trading Up 7.5% Following Dividend Announcement

Halma plc (LON:HLMA) was up 7.5% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as GBX 2,548 ($32.45) and last traded at GBX 2,526 ($32.17). Approximately 2,303,033 shares traded hands during mid-day trading, an increase of 283% from the average daily volume of 601,369 shares. The stock had previously closed at GBX 2,350 ($29.92).

The newly announced dividend which will be paid on Friday, August 16th. Shareholders of record on Thursday, July 11th will be given a GBX 13.20 ($0.17) dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, July 11th. This is a boost from Halma’s previous dividend of $8.41. Halma’s dividend payout ratio (DPR) is presently 3,333.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays upgraded shares of Halma to an “overweight” rating and boosted their price objective for the company from GBX 2,425 ($30.88) to GBX 2,650 ($33.75) in a report on Tuesday, April 9th. Shore Capital reissued a “hold” rating on shares of Halma in a research report on Thursday, March 14th.

Halma Trading Down 0.7 %

The company has a market cap of £9.99 billion, a price-to-earnings ratio of 4,255.56, a P/E/G ratio of 4.53 and a beta of 0.59. The company has a current ratio of 2.68, a quick ratio of 1.51 and a debt-to-equity ratio of 45.76. The firm’s 50-day moving average price is GBX 2,276.66 and its 200 day moving average price is GBX 2,250.93.

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 Medical.