Renishaw plc (LON:RSW - Get Free Report) insider William Lee sold 4,134 shares of the business's stock in a transaction that occurred 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
Renishaw stock opened at GBX 3,265 ($42.34) on Wednesday. The stock has a market cap of £2.37 billion, a PE ratio of 2,478.72, a P/E/G ratio of 3.73 and a beta of 0.63. 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 12-month low of GBX 2,950 ($38.26) and a 12-month high of GBX 4,500 ($58.36). The business's 50-day moving average price is GBX 3,481.48 and its two-hundred day moving average price is GBX 3,726.27.
Renishaw Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 59.40 ($0.77) per share. This is a boost from Renishaw's previous dividend of $16.80. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 31st. Renishaw's payout ratio is 5,714.29%.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Renishaw from GBX 4,500 ($58.36) to GBX 4,000 ($51.87) and set a "hold" rating for the company in a research report on Friday, September 13th.
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Renishaw Company Profile
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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.
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