Insider Selling: The Weir Group PLC (LON:WEIR) Insider Sells 29,222 Shares of 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 ($28.78), for a total transaction of £637,916.26 ($841,134.31).

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 stock was sold at an average price of GBX 2,107 ($27.78), for a total transaction of £107,857.33 ($142,216.94).

The Weir Group Stock Performance

Shares of The Weir Group stock traded up GBX 42 ($0.55) on Tuesday, reaching GBX 2,198 ($28.98). 358,618 shares of the company were exchanged, compared to its average volume of 2,329,283. The Weir Group PLC has a 1-year low of GBX 1,832 ($24.16) and a 1-year high of GBX 2,496 ($32.91). 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 company’s 50-day moving average is GBX 2,303.22 and its two-hundred day moving average is GBX 2,239.55. The firm has a market cap of £5.66 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.58) earnings per share for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. As a group, research analysts expect that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

The Weir Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a GBX 22.10 ($0.29) dividend. This is a positive change from The Weir Group’s previous dividend of $17.90. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, April 17th. The Weir Group’s dividend payout ratio is currently 45.83%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on The Weir Group from GBX 2,500 ($32.96) to GBX 2,700 ($35.60) and gave the stock an “outperform” rating in a research note on Monday, March 3rd.

The Weir Group Company Profile

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.