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

The Weir Group PLC (LON:WEIR - Get Free Report) 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 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 accessed at this link.

The Weir Group Stock Performance

Shares of LON WEIR traded down GBX 26 ($0.35) during trading on Friday, reaching GBX 2,148 ($28.56). 287,465 shares of the stock traded hands, compared to its average volume of 2,284,888. The company has a 50-day moving average of GBX 2,290.22 and a 200-day moving average of GBX 2,238.94. The Weir Group has a 52-week low of GBX 1,832 ($24.36) and a 52-week high of GBX 2,496 ($33.19). 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 stock has a market capitalization of £5.53 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR - Get Free Report) last released 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%. Analysts forecast that The Weir Group will post 136.0509554 EPS for the current fiscal year.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Brian Puffer sold 27,466 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 2,302 ($30.61), for a total transaction of £632,267.32 ($840,669.22). Also, insider Jon Stanton sold 5,119 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 2,107 ($28.01), for a total value of £107,857.33 ($143,408.23). In the last quarter, insiders sold 75,092 shares of company stock worth $168,505,609. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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