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

Halma plc (LON:HLMAGet Free Report) shot up 7.5% on Thursday after the company announced a dividend. The company traded as high as GBX 2,548 ($32.45) and last traded at GBX 2,526 ($32.17). 2,303,033 shares changed hands during mid-day trading, an increase of 283% from the average session 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 issued a GBX 13.20 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a dividend yield of 0.56%. This is a boost from Halma’s previous dividend of $8.41. Halma’s dividend payout ratio (DPR) is currently 3,333.33%.

Analyst Ratings Changes

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

View Our Latest Stock Report on HLMA

Halma Trading Down 0.7 %

The firm has a market capitalization of £9.99 billion, a price-to-earnings ratio of 4,255.56, a PEG ratio of 4.53 and a beta of 0.59. The business’s 50-day simple moving average is GBX 2,276.66 and its two-hundred day simple moving average is GBX 2,250.93. The company has a quick ratio of 1.51, a current ratio of 2.68 and a debt-to-equity ratio of 45.76.

Halma Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Halma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halma and related companies with MarketBeat.com's FREE daily email newsletter.