Halma (LON:HLMA) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Halma plc (LON:HLMA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,590.74 ($32.42) and traded as high as GBX 2,702 ($33.81). Halma shares last traded at GBX 2,689 ($33.65), with a volume of 107,848 shares traded.

Wall Street Analysts Forecast Growth

HLMA has been the subject of several research reports. Berenberg Bank upped their target price on Halma from GBX 2,450 ($30.66) to GBX 2,700 ($33.79) and gave the stock a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Halma to a “neutral” rating and set a GBX 2,600 ($32.54) price objective for the company in a research note on Friday, December 6th. Finally, Shore Capital reiterated a “hold” rating on shares of Halma in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Halma has an average rating of “Hold” and a consensus target price of GBX 2,587.50 ($32.38).

Halma Trading Up 0.0 %

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 50-day moving average of GBX 2,631.82 and a 200-day moving average of GBX 2,590.74. The firm has a market capitalization of £10.14 billion, a P/E ratio of 3,787.32, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Halma Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be issued a GBX 9 ($0.11) dividend. 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%.

Insider Buying and Selling

In other Halma news, insider Jennifer Ward sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 2,648 ($33.14), for a total transaction of £1,324,000 ($1,656,863.97). 2.20% of the stock is owned by insiders.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.