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

IMI plc (LON:IMI) insider Daniel Shook acquired 7 shares of IMI stock in a transaction that occurred on Tuesday, April 9th. The stock was acquired at an average price 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 acquired 8 shares of IMI stock. The stock was acquired at an average price of GBX 1,711 ($21.66) per share, with a total value of £136.88 ($173.24).

IMI Stock Up 0.2 %

Shares of LON:IMI opened at GBX 1,798.98 ($22.77) on Wednesday. The firm has a fifty day moving average price of GBX 1,761.45 and a two-hundred day moving average price of GBX 1,640.96. The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80. IMI plc has a one year low of GBX 1,429 ($18.09) and a one year high of GBX 1,838 ($23.26). The company has a market cap of £4.70 billion, a price-to-earnings ratio of 1,934.39, a PEG ratio of 1.12 and a beta of 1.13.

IMI Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on IMI. 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. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,850 ($23.41) price objective on shares of IMI in a research note on Thursday, December 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,150 ($27.21) price objective on shares of IMI in a research note on Thursday, February 29th.

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.