The Weir Group PLC (LON:WEIR) Raises Dividend to GBX 22.10 Per Share

The Weir Group PLC (LON:WEIR) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, April 17th will be given a dividend of GBX 22.10 ($0.29) per share on Friday, May 30th. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, April 17th. This is a 23.5% increase from The Weir Group’s previous dividend of $17.90. The official announcement can be viewed at this link.

The Weir Group Trading Up 1.1 %

LON WEIR opened at GBX 2,178.66 ($28.73) on Tuesday. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The company has a market capitalization of £5.61 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The Weir Group has a 12 month low of GBX 1,832 ($24.16) and a 12 month high of GBX 2,496 ($32.91). The company’s fifty day moving average price is GBX 2,303.22 and its two-hundred day moving average price is GBX 2,239.55.

The Weir Group (LON:WEIR) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 120 ($1.58) EPS 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 predict that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Weir Group news, insider Brian Puffer sold 9,794 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of GBX 2,414 ($31.83), for a total value of £236,427.16 ($311,744.67). Also, insider Graham Vanhegan sold 3,491 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of GBX 2,022 ($26.66), for a total value of £70,588.02 ($93,074.92). In the last ninety days, insiders sold 40,751 shares of company stock valued at $93,928,250. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

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