Insider Buying: IMI plc (IMI) Insider Buys 13 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite acquired 13 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of GBX 979 ($12.79) per share, for a total transaction of £127.27 ($166.30).

Roy Twite also recently made the following trade(s):

  • On Tuesday, March 12th, Roy Twite acquired 12 shares of IMI stock. The stock was purchased at an average cost of GBX 1,009 ($13.18) per share, for a total transaction of £121.08 ($158.21).

IMI stock opened at GBX 973.80 ($12.72) on Thursday. The stock has a market cap of $2.62 billion and a P/E ratio of 15.61. IMI plc has a 52 week low of GBX 867.50 ($11.34) and a 52 week high of GBX 1,268 ($16.57). The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 80.56.

The business also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be issued a dividend of GBX 26 ($0.34) per share. This represents a yield of 2.76%. This is a positive change from IMI’s previous dividend of $14.60. The ex-dividend date is Thursday, April 4th. IMI’s dividend payout ratio (DPR) is 0.66%.

A number of research analysts have recently weighed in on IMI shares. Liberum Capital reissued a “sell” rating on shares of IMI in a report on Thursday, January 17th. Credit Suisse Group cut their price objective on IMI from GBX 850 ($11.11) to GBX 830 ($10.85) and set an “underperform” rating on the stock in a report on Tuesday, January 22nd. Peel Hunt reissued an “add” rating on shares of IMI in a report on Monday, February 11th. Deutsche Bank reissued a “buy” rating and issued a GBX 1,185 ($15.48) price objective on shares of IMI in a report on Monday, March 4th. Finally, HSBC cut their price objective on IMI from GBX 1,350 ($17.64) to GBX 1,225 ($16.01) and set a “buy” rating on the stock in a report on Monday, March 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. IMI has an average rating of “Hold” and a consensus target price of GBX 1,090 ($14.24).

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About IMI

IMI plc designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering, and IMI Hydronic Engineering. The IMI Critical Engineering division offers flow control solutions. It provides valve and actuator systems to LNG compression facilities; integrated flow control systems for fluid catalytic cracking application; valves into ethylene, polypropylene, and delayed coking production processes; actuation systems to operate industrial valves; and turbine by-pass valves for power plants.

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Insider Buying and Selling by Quarter for IMI (LON:IMI)

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