Halma (LON:HLMA) Sets New 12-Month High Following Dividend Announcement

Shares of Halma plc (LON:HLMA) reached a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 2,757 ($34.56) and last traded at GBX 2,738 ($34.32), with a volume of 4966605 shares. The stock had previously closed at GBX 2,502 ($31.37).

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

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “hold” rating on shares of Halma in a report on Thursday.

Halma Stock Performance

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 firm has a market cap of £10.16 billion, a P/E ratio of 3,794.37, a PEG ratio of 2.93 and a beta of 0.53. The stock’s 50-day moving average is GBX 2,541.69 and its 200 day moving average is GBX 2,509.24.

Insiders Place Their Bets

In other news, insider Jennifer Ward sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.20), for a total transaction of £1,324,000 ($1,659,771.84). Corporate insiders own 2.20% of the company’s stock.

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.