Nigel Lingwood Sells 52,360 Shares of Diploma PLC (DPLM) Stock
Diploma PLC (LON:DPLM) insider Nigel Lingwood sold 52,360 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of GBX 1,196 ($15.94), for a total transaction of £626,225.60 ($834,856.15).
Diploma PLC (LON:DPLM) traded down GBX 26 ($0.35) during midday trading on Monday, reaching GBX 1,171 ($15.61). 46,372 shares of the company’s stock traded hands, compared to its average volume of 92,616. Diploma PLC has a fifty-two week low of GBX 904 ($12.05) and a fifty-two week high of GBX 1,270 ($16.93).
Diploma (LON:DPLM) last posted its earnings results on Monday, November 20th. The company reported GBX 49.80 ($0.66) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 48.20 ($0.64) by GBX 1.60 ($0.02). Diploma had a net margin of 10.32% and a return on equity of 18.70%. The business had revenue of £451.90 million for the quarter.
The business also recently declared a dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Thursday, November 30th will be issued a GBX 16 ($0.21) dividend. This is a positive change from Diploma’s previous dividend of $7.00. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 1.34%.
A number of analysts recently commented on DPLM shares. Peel Hunt restated an “add” rating and set a GBX 1,165 ($15.53) price target on shares of Diploma in a research note on Monday, November 20th. Numis Securities Ltd restated an “add” rating and set a GBX 1,190 ($15.86) price target on shares of Diploma in a research note on Wednesday, August 30th. Berenberg Bank started coverage on shares of Diploma in a research note on Wednesday, September 6th. They set a “buy” rating and a GBX 1,280 ($17.06) price target on the stock. Jefferies Group LLC upped their price target on shares of Diploma from GBX 1,250 ($16.66) to GBX 1,350 ($18.00) and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Finally, Barclays PLC upped their price target on shares of Diploma from GBX 1,000 ($13.33) to GBX 1,030 ($13.73) and gave the company an “equal weight” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,225 ($16.33).
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Diploma PLC is an international group of businesses supplying specialized technical products and services. It is organized into three business sectors: Life Sciences, Seals and Controls. Life Sciences Sector businesses supply a range of consumables, instrumentation and related services to the healthcare and environmental industries.
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