Halma (LON:HLMA) Hits New 1-Year High After Dividend Announcement

Halma plc (LON:HLMA) hit a new 52-week high on Friday following a dividend announcement from the company. The company traded as high as GBX 2,671 ($34.01) and last traded at GBX 2,664 ($33.92), with a volume of 1738683 shares trading hands. The stock had previously closed at GBX 2,350 ($29.92).

The newly announced dividend which will be paid on Friday, August 16th. Investors 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%. This is a positive change from Halma’s previous dividend of $8.41. The ex-dividend date is Thursday, July 11th. Halma’s dividend payout ratio (DPR) is presently 3,333.33%.

Analyst Upgrades and Downgrades

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

Halma Stock Down 0.7 %

The company has a current ratio of 2.68, a quick ratio of 1.51 and a debt-to-equity ratio of 45.76. The firm’s 50 day simple moving average is GBX 2,284.16 and its 200-day simple moving average is GBX 2,255.49. The stock has a market capitalization of £9.99 billion, a price-to-earnings ratio of 4,198.41, a price-to-earnings-growth ratio of 4.53 and a beta of 0.59.

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 Medical.