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

The Weir Group PLC (LON:WEIR) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Shareholders 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 yield of 0.92%. The ex-dividend date of this dividend 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 seen at this link.

The Weir Group Price Performance

LON:WEIR opened at GBX 2,178 ($28.72) on Tuesday. The company has a market capitalization of £5.61 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.59 and a beta of 1.41. The company has a 50-day moving average of GBX 2,303.22 and a 200-day moving average of GBX 2,239.55. The Weir Group has a 52 week low of GBX 1,832 ($24.16) and a 52 week 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 Weir Group (LON:WEIR) last posted 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, equities research analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Graham Vanhegan sold 3,491 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of GBX 2,022 ($26.66), for a total transaction of £70,588.02 ($93,074.92). Also, insider Brian Puffer sold 27,466 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 2,302 ($30.35), for a total transaction of £632,267.32 ($833,685.81). Insiders sold a total of 40,751 shares of company stock valued at $93,928,250 over the last three months. Company insiders own 0.31% of the company’s stock.

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.