Brian Puffer Sells 27,466 Shares of The Weir Group PLC (LON:WEIR) Stock

The Weir Group PLC (LON:WEIR) 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 ($29.89), for a total transaction of £632,267.32 ($821,019.76).

Brian Puffer also recently made the following trade(s):

• On Friday, February 28th, Brian Puffer sold 9,794 shares of The Weir Group stock. The shares were sold at an average price of GBX 2,414 ($31.35), for a total value of £236,427.16 ($307,008.39).

The Weir Group Trading Down 0.5 %

Shares of The Weir Group stock opened at GBX 2,286 ($29.68) on Thursday. The firm has a 50-day simple moving average of GBX 2,365.96 and a two-hundred day simple moving average of GBX 2,243.63. 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 fifty-two week low of GBX 1,832 ($23.79) and a fifty-two week high of GBX 2,496 ($32.41). The company has a market cap of £5.89 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.56) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. As a group, equities analysts predict 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 announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 22.10 ($0.29) per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 0.92%. This is a boost from The Weir Group’s previous dividend of $17.90. The Weir Group’s payout ratio is currently 45.83%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price target on The Weir Group from GBX 2,500 ($32.46) to GBX 2,700 ($35.06) and gave the company an “outperform” rating in a research report on Monday, March 3rd.

About The Weir Group

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.