Insider Selling: The Weir Group PLC (LON:WEIR) Insider Sells £637,916.26 in Stock

The Weir Group PLC (LON:WEIR) insider Jon Stanton sold 29,222 shares of The Weir Group stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of GBX 2,183 ($28.96), for a total value of £637,916.26 ($846,379.54).

Jon Stanton also recently made the following trade(s):

• On Friday, April 11th, Jon Stanton sold 5,119 shares of The Weir Group stock. The shares were sold at an average price of GBX 2,107 ($27.96), for a total value of £107,857.33 ($143,103.79).

The Weir Group Trading Down 1.2 %

The Weir Group stock opened at GBX 2,148 ($28.50) on Friday. The company has a 50 day moving average price of GBX 2,293.50 and a 200 day moving average price of GBX 2,238.48. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The Weir Group PLC has a 52 week low of GBX 1,832 ($24.31) and a 52 week high of GBX 2,496 ($33.12). The firm has a market capitalization of £5.53 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last issued its earnings results on Friday, February 28th. The company reported GBX 120 ($1.59) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Research analysts forecast that The Weir Group PLC will post 136.0509554 EPS for the current year.

The Weir Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of GBX 22.10 ($0.29) per share. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from The Weir Group’s previous dividend of $17.90. The Weir Group’s payout ratio is 45.83%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on The Weir Group from GBX 2,500 ($33.17) to GBX 2,700 ($35.82) and gave the stock an “outperform” rating in a report on Monday, March 3rd.

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.