The Weir Group PLC (LON:WEIR) Insider Sells £107,857.33 in Stock

The Weir Group PLC (LON:WEIR - Get Free Report) insider Jon Stanton sold 5,119 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of GBX 2,107 ($28.01), for a total transaction of £107,857.33 ($143,408.23).

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

• On Tuesday, April 15th, Jon Stanton sold 29,222 shares of The Weir Group stock. The stock was sold at an average price of GBX 2,183 ($29.03), for a total transaction of £637,916.26 ($848,180.11).

The Weir Group Stock Down 1.2 %

LON:WEIR traded down GBX 26 ($0.35) during trading hours on Friday, hitting GBX 2,148 ($28.56). 287,465 shares of the company's stock traded hands, compared to its average volume of 2,284,888. The Weir Group PLC has a twelve month low of GBX 1,832 ($24.36) and a twelve month high of GBX 2,496 ($33.19). The firm has a market cap of £5.53 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.59 and a beta of 1.41. 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 stock's fifty day moving average price is GBX 2,290.22 and its two-hundred day moving average price is GBX 2,238.94.

The Weir Group (LON:WEIR - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 120 ($1.60) earnings per share for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. On average, 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. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from The Weir Group's previous dividend of $17.90. This represents a dividend yield of 0.92%. The Weir Group's dividend payout ratio is 45.83%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on The Weir Group from GBX 2,500 ($33.24) to GBX 2,700 ($35.90) and gave the company an "outperform" rating in a research report 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.