IMI plc (LON:IMI) Insider Roy Twite Sells 57,067 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite sold 57,067 shares of IMI stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.99), for a total transaction of £1,038,048.73 ($1,311,827.03).

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

• On Tuesday, January 9th, Roy Twite bought 9 shares of IMI stock. The shares were acquired at an average cost of GBX 1,589 ($20.08) per share, for a total transaction of £143.01 ($180.73).

IMI Stock Down 0.7 %

IMI stock opened at GBX 1,814 ($22.92) on Thursday. The stock has a market cap of £4.74 billion, a PE ratio of 1,993.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. The firm’s 50-day simple moving average is GBX 1,731.75 and its 200 day simple moving average is GBX 1,619.27. IMI plc has a fifty-two week low of GBX 1,413 ($17.86) and a fifty-two week high of GBX 1,838 ($23.23). The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 72.33.

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 paid a GBX 19.20 ($0.24) dividend. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 1.11%. This is a positive change from IMI’s previous dividend of $9.10. IMI’s dividend payout ratio (DPR) is presently 3,076.92%.

Analysts Set New Price Targets

IMI has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,150 ($27.17) price objective on shares of IMI in a research report on Thursday, February 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,850 ($23.38) target price on shares of IMI in a report on Thursday, December 14th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,950 ($24.64) price objective on shares of IMI in a research report on Monday, March 4th.

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.