William Lee Sells 4,134 Shares of Renishaw plc (LON:RSW) Stock

Renishaw plc (LON:RSW) insider William Lee sold 4,134 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was 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

Shares of RSW traded down GBX 64.76 ($0.84) during trading hours on Tuesday, hitting GBX 3,270.24 ($42.41). The stock had a trading volume of 52,199 shares, compared to its average volume of 70,945. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81. The firm has a 50-day moving average price of GBX 3,481.48 and a 200 day moving average price of GBX 3,726.27. Renishaw plc has a fifty-two week low of GBX 2,950 ($38.26) and a fifty-two week high of GBX 4,500 ($58.36). The firm has a market capitalization of £2.38 billion, a price-to-earnings ratio of 2,458.65, a PEG ratio of 3.73 and a beta of 0.63.

Renishaw Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 59.40 ($0.77) per share. The ex-dividend date is Thursday, October 31st. This is a boost from Renishaw’s previous dividend of $16.80. This represents a yield of 1.8%. Renishaw’s dividend payout ratio is currently 5,714.29%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Renishaw from GBX 4,500 ($58.36) to GBX 4,000 ($51.87) and set a “hold” rating on the stock in a report on Friday, September 13th.

About Renishaw

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.