Marc Ronchetti Sells 47,000 Shares of Halma (LON:HLMA) Stock

Key Points

• Halma insider Marc Ronchetti sold 47,000 shares on August 7 at an average of GBX 3,813, worth approximately £1.79 million. He also sold more than 59,000 shares in two transactions in June.
• Halma shares opened at GBX 3,768 and were down 0.7%, with the stock trading below its 50-day and 200-day moving averages. The company has a £14.23 billion market capitalization and a 12-month range of GBX 3,194 to GBX 4,902.
• Analyst sentiment is mixed, with five Buy, three Hold and one Sell rating; the overall consensus is Hold, despite an average price target of £5,339.51.

Halma plc (LON:HLMA - Get Free Report) insider Marc Ronchetti sold 47,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 3,813, for a total value of £1,792,110.

Marc Ronchetti also recently made the following trade(s):

• On Wednesday, June 24th, Marc Ronchetti sold 10,131 shares of Halma stock. The shares were sold at an average price of GBX 3,902, for a total transaction of £395,311.62.
• On Friday, June 26th, Marc Ronchetti sold 49,664 shares of Halma stock. The shares were sold at an average price of GBX 3,934, for a total transaction of £1,953,781.76.

Halma Trading Down 0.7%

LON:HLMA opened at GBX 3,768 on Monday. The company has a market capitalization of £14.23 billion, a P/E ratio of 38.38, a PEG ratio of 2.93 and a beta of 0.98. The company has a current ratio of 2.14, a quick ratio of 1.51 and a debt-to-equity ratio of 42.13. Halma plc has a 12 month low of GBX 3,194 and a 12 month high of GBX 4,902. The firm has a fifty day simple moving average of GBX 3,920.75 and a 200-day simple moving average of GBX 4,007.87.

Halma (LON:HLMA - Get Free Report) last issued its earnings results on Thursday, June 11th. The company reported GBX 114.05 earnings per share (EPS) for the quarter. The company had revenue of GBX 258.23 billion during the quarter. Halma had a return on equity of 17.92% and a net margin of 14.42%. On average, equities research analysts anticipate that Halma plc will post 90.5626134 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HLMA shares. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 3,050 price objective on shares of Halma in a research note on Thursday, June 11th. Shore Capital Group reissued a "hold" rating on shares of Halma in a report on Monday, April 13th. Citigroup raised their target price on Halma from GBX 3,700 to GBX 4,600 and gave the stock a "buy" rating in a report on Friday, June 12th. UBS Group restated a "buy" rating and issued a £47,750 price objective on shares of Halma in a research report on Friday, June 5th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 4,200 target price on shares of Halma in a report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of £5,339.51.

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 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.

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