Renishaw plc (LON:RSW) Insider Sells £137,455.50 in Stock

Renishaw plc (LON:RSW) insider William Lee sold 4,134 shares of Renishaw stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 3,325 ($43.12), for a total transaction of £137,455.50 ($178,258.98).

Renishaw Stock Performance

LON:RSW opened at GBX 3,150 ($40.85) on Friday. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05. Renishaw plc has a fifty-two week low of GBX 2,950 ($38.26) and a fifty-two week high of GBX 4,500 ($58.36). The firm’s fifty day simple moving average is GBX 3,466.48 and its 200-day simple moving average is GBX 3,717.14. The stock has a market cap of £2.29 billion, a PE ratio of 2,364.66, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Renishaw Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be issued a GBX 59.40 ($0.77) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 1.8%. This is a boost from Renishaw’s previous dividend of $16.80. Renishaw’s dividend payout ratio is currently 5,714.29%.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut their target price on Renishaw from GBX 4,500 ($58.36) to GBX 4,000 ($51.87) and set a “hold” rating for the company in a research note on Friday, September 13th.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.