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| 21.08.25 04:01:15 |
Wasatch International Growth – Ryohin Keikaku Co Ltd hat deutliche Einbußen verzeichnet. |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Here’s a 400-word summary of the provided text, focusing on the key portfolio adjustments made by Wasatch International Growth (Trades, Portfolio) in Q2 2025:
**Wasatch International Growth Adjusts Portfolio – Key Investments and Exits**
Wasatch International Growth (WAIGX), a fund focused on high-quality, small-cap growth companies outside the US, recently disclosed its Q2 2025 portfolio adjustments through an N-PORT filing. The fund utilizes a bottom-up, fundamental analysis approach, prioritizing companies with strong management, competitive advantages, and growth potential.
**Significant Additions:**
The fund significantly increased its holdings in several companies:
* **OEM International AB (OSTO:OEM B):** The largest addition, accounting for 1.65% of the portfolio with 249,783 shares.
* **KFin Technologies Ltd (NSE:KFINTECH):** Second largest addition at 120,290 shares, representing 0.85% of the portfolio.
* **Alzchem Group AG (XTER:ACT):** A smaller addition with 10,669 shares.
Furthermore, Wasatch increased stakes in existing holdings, notably:
* **Rightmove PLC (LSE:RMV):** A substantial 77.09% increase in shares.
* **Grupo Aeroportuario del Centro Norte SAB de CV (MEX:OMAB):** A 50.05% increase in share count.
**Key Exits and Reductions:**
The fund exited five holdings, including:
* **Persistent Systems Ltd (NSE:PERSISTENT):** Complete exit of 15,683 shares.
* **Elgi Equipments Ltd (NSE:ELGIEQUIP):** Complete liquidation of 135,467 shares.
Additionally, Wasatch reduced stakes in 34 stocks, with notable reductions in:
* **Ryohin Keikaku Co Ltd (TSE:7453):** A significant 64.96% reduction.
* **BayCurrent Inc (TSE:6532):** A 41.42% reduction.
**Portfolio Composition:**
At the end of Q2 2025, the portfolio comprised 62 stocks, with Definity Financial Corp (TSX:DFY) representing a notable 4.08% holding.
This portfolio adjustment reflects Wasatch International Growth’s ongoing strategic process of selecting and managing investments based on its fundamental research and investment philosophy. The data highlights the fund's proactive approach to capitalizing on growth opportunities within its chosen sector and geographic focus.
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**Note:** This summary remains within the 400-word limit. I've focused on the most significant changes to provide a concise overview of the portfolio adjustments. |
| 07.08.25 07:57:53 |
Returns On Capital At Halma (LON:HLMA) Have Hit The Brakes |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Explore Halma's Fair Values from the Community and select yours
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, the ROCE of Halma (LON:HLMA) looks decent, right now, so lets see what the trend of returns can tell us.
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Understanding Return On Capital Employed (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Halma:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.15 = UK£431m ÷ (UK£3.3b - UK£458m) (Based on the trailing twelve months to March 2025).
Therefore, Halma has an ROCE of 15%. On its own, that's a standard return, however it's much better than the 9.1% generated by the Electronic industry.
View our latest analysis for Halma LSE:HLMA Return on Capital Employed August 7th 2025
In the above chart we have measured Halma's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Halma .
What The Trend Of ROCE Can Tell Us
While the current returns on capital are decent, they haven't changed much. The company has employed 72% more capital in the last five years, and the returns on that capital have remained stable at 15%. Since 15% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
What We Can Learn From Halma's ROCE
The main thing to remember is that Halma has proven its ability to continually reinvest at respectable rates of return. And since the stock has risen strongly over the last five years, it appears the market might expect this trend to continue. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research.
Story Continues
If you're still interested in Halma it's worth checking out our FREE intrinsic value approximation for HLMA to see if it's trading at an attractive price in other respects.
While Halma may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this freelist here.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 23.07.25 13:40:02 |
Sind Industrieprodukte Lager Lagging Halma (HLMAF) Dieses Jahr? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
**Halma (HLMAF) und die japanischen Stahlwerke (JPSWY) Analyse**
**Zusammenfassung**
Der Artikel liefert eine Analyse der Halma (HLMAF) und der Japan Steel Works (JPSWY) Bestände in der Industrial Products Gruppe. Der Autor schlägt vor, dass Investoren sich auf Unternehmen konzentrieren sollten, die ihre Kollegen übertreffen, wie dies durch ihre jährliche Performance angedeutet ist.
**Key Points**
* Halma (HLMAF) ist #2 im Zacks-Sektor Rang und hat einen Zacks Rang #1 (Strong Buy).
* Der Zacks Consensus-Schätzwert für das Jahresergebnis des HLMAF ist in den letzten drei Monaten um 8,2% höher.
* JPSWY hat einen Zacks-Rank von #1 (Strong Buy) und hat 60,7 % jährlich gewonnen.
* Die Japan Steel Works (JPSWY) hat einen Zacks Rang von #1 (Strong Buy) und hat ihre Konsens EPS Schätzung für das laufende Jahr um 9,8% erhöht.
**Vergleich mit Industrie Peers**
* Halma (HLMAF) ist besser als sein Sektor im Kalenderjahr.
* JPSWY fällt unter die Fertigungsindustrie - Allgemeine Industrieindustrie und hat 10,5% jährlich gewonnen.
* Die Japan Steel Works (JPSWY) Industrie hat sich seit Anfang des Jahres um +7.1% bewegt.
**Außenvorräte*
* Halma (HLMAF)
* Die japanischen Stahlwerke (JPSWY)
**Ausschluss* *
Der Artikel deutet darauf hin, dass Investoren sich auf Unternehmen konzentrieren sollten, die ihre Kollegen übertreffen, wie Halma (HLMAF) und The Japan Steel Works (JPSWY), in der Gruppe Industrial Products. Diese Aktien sind derzeit #2 bzw. #1 in ihren jeweiligen Branchen und haben starke Jahres-zu-date-Performances.
**Empfehlung* *
* Investoren können die neuesten Empfehlungen von Zacks Investment Research für die nächsten 30 Tage herunterladen.
* Halma (HLMAF) und die Japan Steel Works (JPSWY) Bestände werden weiterhin für ihre solide Leistung und Potenzial für weiteres Wachstum beobachtet. |
| 21.07.25 12:43:56 |
Here's Why We Think Halma (LON:HLMA) Might Deserve Your Attention Today |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.
Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Halma (LON:HLMA). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
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How Quickly Is Halma Increasing Earnings Per Share?
The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Halma managed to grow EPS by 6.7% per year, over three years. That might not be particularly high growth, but it does show that per-share earnings are moving steadily in the right direction.
It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. EBIT margins for Halma remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 11% to UK£2.2b. That's a real positive.
You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers.LSE:HLMA Earnings and Revenue History July 21st 2025
Check out our latest analysis for Halma
Fortunately, we've got access to analyst forecasts of Halma's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
Are Halma Insiders Aligned With All Shareholders?
We would not expect to see insiders owning a large percentage of a UK£12b company like Halma. But we do take comfort from the fact that they are investors in the company. As a matter of fact, their holding is valued at UK£9.6m. This considerable investment should help drive long-term value in the business. Even though that's only about 0.08% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.
Story Continues
Should You Add Halma To Your Watchlist?
One positive for Halma is that it is growing EPS. That's nice to see. To add an extra spark to the fire, significant insider ownership in the company is another highlight. These two factors are a huge highlight for the company which should be a strong contender your watchlists. While we've looked at the quality of the earnings, we haven't yet done any work to value the stock. So if you like to buy cheap, you may want to check if Halma is trading on a high P/E or a low P/E, relative to its industry.
While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in GB with promising growth potential and insider confidence.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 05.07.25 07:38:52 |
Halma plc (LON:HLMA) is a favorite amongst institutional investors who own 84% |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
Institutions' substantial holdings in Halma implies that they have significant influence over the company's share price 47% of the business is held by the top 25 shareholders Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
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A look at the shareholders of Halma plc (LON:HLMA) can tell us which group is most powerful. The group holding the most number of shares in the company, around 84% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
Let's take a closer look to see what the different types of shareholders can tell us about Halma.
View our latest analysis for Halma LSE:HLMA Ownership Breakdown July 5th 2025
What Does The Institutional Ownership Tell Us About Halma?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
We can see that Halma does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Halma's earnings history below. Of course, the future is what really matters.LSE:HLMA Earnings and Revenue Growth July 5th 2025
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Halma. The company's largest shareholder is BlackRock, Inc., with ownership of 9.0%. The Vanguard Group, Inc. is the second largest shareholder owning 5.0% of common stock, and FMR LLC holds about 3.5% of the company stock.
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Story continues
Insider Ownership Of Halma
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our data suggests that insiders own under 1% of Halma plc in their own names. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own UK£9.4m worth of shares. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.
General Public Ownership
The general public, who are usually individual investors, hold a 14% stake in Halma. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Halma better, we need to consider many other factors.
I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 18.03.25 13:40:09 |
Is Halma (HLMAF) Outperforming Other Industrial Products Stocks This Year? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Halma (HLMAF) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Halma is a member of the Industrial Products sector. This group includes 200 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Halma is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HLMAF's full-year earnings has moved 3.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that HLMAF has returned about 2% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 3.6%. This means that Halma is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Komatsu Ltd. (KMTUY). The stock has returned 12.6% year-to-date.
For Komatsu Ltd. the consensus EPS estimate for the current year has increased 14.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Halma belongs to the Security and Safety Services industry, a group that includes 18 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, this group has lost an average of 5.1% so far this year, meaning that HLMAF is performing better in terms of year-to-date returns.
In contrast, Komatsu Ltd. falls under the Manufacturing - Construction and Mining industry. Currently, this industry has 7 stocks and is ranked #185. Since the beginning of the year, the industry has moved -4.7%.
Halma and Komatsu Ltd. could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Story Continues
Halma (HLMAF) : Free Stock Analysis Report
Komatsu Ltd. (KMTUY) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
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| 15.02.25 09:06:25 |
Halma (LON:HLMA) Has Some Way To Go To Become A Multi-Bagger |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. That's why when we briefly looked at Halma's (LON:HLMA) ROCE trend, we were pretty happy with what we saw.
Understanding Return On Capital Employed (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Halma, this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.15 = UK£405m ÷ (UK£3.0b - UK£345m) (Based on the trailing twelve months to September 2024).
Therefore, Halma has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Electronic industry average of 11% it's much better.
See our latest analysis for Halma LSE:HLMA Return on Capital Employed February 15th 2025
Above you can see how the current ROCE for Halma compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our freeanalyst report for Halma .
What Does the ROCE Trend For Halma Tell Us?
While the returns on capital are good, they haven't moved much. The company has consistently earned 15% for the last five years, and the capital employed within the business has risen 73% in that time. 15% is a pretty standard return, and it provides some comfort knowing that Halma has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
In Conclusion...
In the end, Halma has proven its ability to adequately reinvest capital at good rates of return. And given the stock has only risen 38% over the last five years, we'd suspect the market is beginning to recognize these trends. So because of the trends we're seeing, we'd recommend looking further into this stock to see if it has the makings of a multi-bagger.
Halma does have some risks though, and we've spotted 1 warning sign for Halma that you might be interested in.
For those who like to invest in solid companies, check out this freelist of companies with solid balance sheets and high returns on equity.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 07.02.25 14:40:13 |
Is Cadre Holdings, Inc. (CDRE) Stock Outpacing Its Industrial Products Peers This Year? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Cadre Holdings, Inc. (CDRE) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Cadre Holdings, Inc. is a member of our Industrial Products group, which includes 201 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cadre Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CDRE's full-year earnings has moved 3.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CDRE has returned 11.3% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 2.3% on average. This means that Cadre Holdings, Inc. is outperforming the sector as a whole this year.
Halma (HLMAF) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.2%.
For Halma, the consensus EPS estimate for the current year has increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Cadre Holdings, Inc. is a member of the Security and Safety Services industry, which includes 18 individual companies and currently sits at #35 in the Zacks Industry Rank. On average, this group has gained an average of 1.6% so far this year, meaning that CDRE is performing better in terms of year-to-date returns. Halma is also part of the same industry.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Cadre Holdings, Inc. and Halma as they could maintain their solid performance.
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Cadre Holdings, Inc. (CDRE) : Free Stock Analysis Report
Halma (HLMAF) : Free Stock Analysis Report
Story Continues
To read this article on Zacks.com click here.
Zacks Investment Research
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| 25.01.25 08:55:01 |
With 89% ownership in Halma plc (LON:HLMA), institutional investors have a lot riding on the business |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
Given the large stake in the stock by institutions, Halma's stock price might be vulnerable to their trading decisions 48% of the business is held by the top 25 shareholders Recent sales by insiders
A look at the shareholders of Halma plc (LON:HLMA) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 89% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Last week’s 4.0% gain means that institutional investors were on the positive end of the spectrum even as the company has shown strong longer-term trends. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 34%.
Let's delve deeper into each type of owner of Halma, beginning with the chart below.
See our latest analysis for Halma LSE:HLMA Ownership Breakdown January 25th 2025
What Does The Institutional Ownership Tell Us About Halma?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Halma already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Halma's historic earnings and revenue below, but keep in mind there's always more to the story.LSE:HLMA Earnings and Revenue Growth January 25th 2025
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in Halma. Our data shows that BlackRock, Inc. is the largest shareholder with 8.9% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 4.8% of common stock, and FMR LLC holds about 3.1% of the company stock.
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Story Continues
Insider Ownership Of Halma
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our information suggests that Halma plc insiders own under 1% of the company. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own UK£7.7m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
General Public Ownership
The general public, who are usually individual investors, hold a 10% stake in Halma. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Halma is showing 1 warning sign in our investment analysis, you should know about...
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 04.01.25 08:12:17 |
Is Halma plc's (LON:HLMA) Latest Stock Performance Being Led By Its Strong Fundamentals? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Halma's (LON:HLMA) stock is up by 4.7% over the past three months. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Halma's ROE.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for Halma
How Do You Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Halma is:
16% = UK£287m ÷ UK£1.7b (Based on the trailing twelve months to September 2024).
The 'return' refers to a company's earnings over the last year. That means that for every £1 worth of shareholders' equity, the company generated £0.16 in profit.
What Is The Relationship Between ROE And Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
Halma's Earnings Growth And 16% ROE
To begin with, Halma seems to have a respectable ROE. On comparing with the average industry ROE of 10% the company's ROE looks pretty remarkable. This certainly adds some context to Halma's decent 8.5% net income growth seen over the past five years.
As a next step, we compared Halma's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 10% in the same period.LSE:HLMA Past Earnings Growth January 4th 2025
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is Halma fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Halma Using Its Retained Earnings Effectively?
Halma has a healthy combination of a moderate three-year median payout ratio of 31% (or a retention ratio of 69%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
Story Continues
Moreover, Halma is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 26% of its profits over the next three years. As a result, Halma's ROE is not expected to change by much either, which we inferred from the analyst estimate of 16% for future ROE.
Summary
In total, we are pretty happy with Halma's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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