IMI plc (LON:IMI) Insider Acquires £125.30 in Stock

IMI plc (LON:IMI) insider Daniel Shook purchased 7 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average cost of GBX 1,790 ($22.66) per share, with a total value of £125.30 ($158.59).

Daniel Shook also recently made the following trade(s):

• On Tuesday, February 13th, Daniel Shook purchased 8 shares of IMI stock. The stock was acquired at an average cost of GBX 1,711 ($21.66) per share, with a total value of £136.88 ($173.24).

IMI Stock Performance

Shares of IMI stock opened at GBX 1,795 ($22.72) on Thursday. The stock has a fifty day moving average price of GBX 1,763.81 and a 200 day moving average price of GBX 1,642.09. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.80 and a current ratio of 1.50. The stock has a market cap of £4.69 billion, a PE ratio of 1,930.11, a P/E/G ratio of 1.12 and a beta of 1.13. IMI plc has a 1 year low of GBX 1,429 ($18.09) and a 1 year high of GBX 1,838 ($23.26).

IMI Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 19.20 ($0.24) per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from IMI’s previous dividend of $9.10. IMI’s payout ratio is 3,010.75%.

Analyst Ratings Changes

A number of research firms have commented on IMI. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($27.21) target price on shares of IMI in a report on Thursday, February 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,950 ($24.68) price objective on shares of IMI in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,850 ($23.41) target price on shares of IMI in a research report on Thursday, December 14th.

About IMI

IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.