Halma (LON:HLMA) Share Price Passes Above 200-Day Moving Average of $2,368.50

Halma plc (LON:HLMA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,368.50 ($30.27) and traded as high as GBX 2,506 ($32.03). Halma shares last traded at GBX 2,506 ($32.03), with a volume of 298,317 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLMA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 2,400 ($30.67) price objective on shares of Halma in a report on Friday, June 28th. Shore Capital reiterated a “hold” rating on shares of Halma in a research note on Thursday, June 27th.

Halma Price Performance

The firm’s fifty day moving average is GBX 2,573.02 and its two-hundred day moving average is GBX 2,372.35. The company has a market cap of £9.54 billion, a P/E ratio of 4,009.52, a P/E/G ratio of 4.53 and a beta of 0.59. The company has a debt-to-equity ratio of 45.76, a quick ratio of 1.51 and a current ratio of 2.68.

Halma Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 16th. Shareholders of record on Thursday, July 11th will be issued a dividend of GBX 13.20 ($0.17) per share. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from Halma’s previous dividend of $8.41. Halma’s dividend payout ratio is 3,333.33%.

Insider Activity

In other news, insider Jennifer Ward sold 5,738 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of GBX 2,680 ($34.25), for a total transaction of £153,778.40 ($196,521.92). In other news, insider Marc Ronchetti sold 6,958 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of GBX 2,611 ($33.37), for a total transaction of £181,673.38 ($232,170.45). Also, insider Jennifer Ward sold 5,738 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of GBX 2,680 ($34.25), for a total transaction of £153,778.40 ($196,521.92). Corporate insiders own 1.81% of the company’s stock.

Halma Company Profile

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.