London, June 29, 2026, 15:02 (BST)
- Halma was at 3,902p, off 0.05% at 15:01 BST. The FTSE 100 showed little change.
- Halma put out two RNS notices at 15:00. Senior managers saw awards vest, did tax-cover sales, and picked up new nil-price awards.
- Shares still trade at roughly 34 times adjusted FY26 earnings. That’s even with the stock sitting about 20% under its 52-week peak.
Halma plc (LON:HLMA) traded flat in London on Monday. Investors got two new director and PDMR shareholding filings, adding a clearer read on the safety tech group after its sharp reset in June.
Halma shares traded at 3,902p as of 15:01 BST, off 0.05% for the day. The stock moved between 3,876p and 3,944p. Google Finance put Halma’s market cap at £14.87 billion. The latest quote puts shares 20.4% below the 52-week high of 4,902p. The FTSE 100 (INDEXFTSE:UKX) slipped 0.01% to 10,506.64 at 14:47 BST.
The latest insider data is notable since director selling can put pressure on a stock that’s already down from its highs. Here, Halma’s RNS showed the directors sold shares “to cover tax” after their Executive Share Plan awards vested, not as open-market sales outside of compensation-related events. Stockopedia
| Disclosed item | Shares | Reuters-style calculation |
|---|---|---|
| Executive awards vested June 24 and June 26 | 261,703 | Roughly £10.3 million using the stated prices of £39.02 and £39.34 |
| Shares sold for tax | 123,005 | Comes to around £4.8 million |
| Shares left after selling for tax | 138,698 | Value about £5.4 million at 3,902p |
| Nil-cost awards granted June 26 | 239,502 | Close to £9.3 million at 3,902p; 0.063% of stock out |
Totals reflect RNS volumes for Marc Ronchetti, Carole Cran, Jennifer Ward, Steve Brown, Funmi Adegoke and Constance Baroudel. The fresh awards are nil-price grants issued through the Executive Share Plan, not market buys.
| Market measure | Halma | FTSE 100 |
|---|---|---|
| Latest checked level | 3,902p at 15:01 BST | 10,506.64 at 14:47 BST |
| Session move | down 0.05% | down 0.01% |
| Day range | traded from 3,876p to 3,944p | range was 10,473.07 to 10,521.03 |
| 52-week range | in the past year: 3,136p to 4,902p | year range: 8,726.92 to 10,934.94 |
For investors, it’s all about the price, not last year’s profits. Halma is at 3,902p, around 34.2x its adjusted FY26 EPS of 114.05p, or 39.6x the statutory EPS of 98.57p. The dividend yields about 0.63%. So growth remains the key reason to own it.
| Valuation and growth bridge | FY26 actual / latest data | Investor read-through |
|---|---|---|
| Revenue | £2.58 billion, up 15% | Scale still climbing |
| Adjusted EBIT | £594.5 million, up 22% | Margins steady |
| Adjusted EPS | 114.05p, up 21% | Adjusted P/E close to 34x |
| Statutory EPS | 98.57p, up 26% | Statutory P/E close to 40x |
| Total dividend | 24.74p, up 7% | Low yield here |
| Organic revenue growth | 16% rise, with photonics contributing about 8pts | Setting a tough comp for FY27 |
| FY27 guide | Low double-digit organic growth in constant currency, photonics close to 5pts | AI push fades some |
Halma’s FY26 numbers were up. Revenue hit £2.58 billion, and adjusted EBIT climbed to £594.5 million. Adjusted EBIT margin added 140 basis points to reach 23.0%. CEO Marc Ronchetti said the group “grew revenue to over £2.5bn and Adjusted profit to over £500m.” Halma
Halma shares slipped after guidance. The company sees organic constant-currency revenue growth in fiscal 2027 in the low double digits, with photonics supplying around five points. That’s less than the 16% organic growth in FY26, when photonics gave a boost of about eight points.
Morningstar NASDAQ:MORN analyst Matthew Donen told Reuters the company’s outlook points to slower growth for photonics and the other businesses. JPMorgan Chase & Co NYSE:JPM analysts said the photonics forecast will probably disappoint investors.
Halma’s board is recommending a 15.11p final dividend, bringing the full-year total to 24.74p. Shareholders are set to vote on the payout at the annual meeting on July 23. The stock will trade ex-dividend on July 9, with the payment scheduled for Aug. 14.
