Jon Stanton Sells 29,222 Shares of The Weir Group PLC (LON:WEIR) Stock

The Weir Group PLC (LON:WEIR) insider Jon Stanton sold 29,222 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of GBX 2,183 ($28.89), for a total transaction of £637,916.26 ($844,363.02).

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 ($27.89), for a total transaction of £107,857.33 ($142,762.85).

The Weir Group Stock Down 1.1 %

Shares of LON:WEIR opened at GBX 2,174 ($28.78) on Thursday. The company’s fifty day moving average is GBX 2,296.94 and its two-hundred day moving average is GBX 2,239.10. 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 1-year low of GBX 1,832 ($24.25) and a 1-year high of GBX 2,496 ($33.04). The stock has a market capitalization of £5.60 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

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

The Weir Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be given a dividend of GBX 22.10 ($0.29) per share. The ex-dividend date 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 payout ratio is currently 45.83%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their target price on shares of The Weir Group from GBX 2,500 ($33.09) to GBX 2,700 ($35.74) and gave the stock 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.