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

Renishaw plc (LON:RSW - Get Free Report) insider William Lee sold 4,134 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 3,325 ($43.12), for a total value of £137,455.50 ($178,258.98).

Renishaw Stock Performance

Shares of LON RSW traded down GBX 70 ($0.91) during midday trading on Tuesday, reaching GBX 3,265 ($42.34). 46,064 shares of the company were exchanged, compared to its average volume of 70,979. The stock has a market cap of £2.37 billion, a P/E ratio of 2,478.72, a PEG ratio of 3.73 and a beta of 0.63. Renishaw plc has a 1 year low of GBX 2,950 ($38.26) and a 1 year high of GBX 4,500 ($58.36). The stock has a fifty day simple moving average of GBX 3,481.48 and a 200 day simple moving average of GBX 3,726.27. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05.

Renishaw Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be issued a GBX 59.40 ($0.77) dividend. This is a boost from Renishaw's previous dividend of $16.80. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, October 31st. Renishaw's dividend payout ratio (DPR) is currently 5,714.29%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reduced their price target 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.

Renishaw Company Profile

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.