IMI plc (LON:IMI) Insider Daniel Shook Purchases 7 Shares

IMI plc (LON:IMI) insider Daniel Shook acquired 7 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of GBX 1,922 ($25.58) per share, with a total value of £134.54 ($179.05).

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

• On Tuesday, March 11th, Daniel Shook acquired 7 shares of IMI stock. The shares were bought at an average cost of GBX 2,008 ($26.72) per share, with a total value of £140.56 ($187.06).

IMI Stock Performance

LON:IMI opened at GBX 1,960 ($26.08) on Friday. IMI plc has a 12-month low of GBX 1,555.96 ($20.71) and a 12-month high of GBX 2,090 ($27.81). The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The firm has a market capitalization of £4.97 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm has a 50-day moving average price of GBX 1,823.96 and a 200 day moving average price of GBX 1,843.32.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.63) earnings per share (EPS) for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. Research analysts anticipate that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

IMI Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 21.10 ($0.28) per share. This is a boost from IMI’s previous dividend of $10.00. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, April 3rd. IMI’s dividend payout ratio is 29.72%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on shares of IMI from GBX 2,250 ($29.94) to GBX 2,400 ($31.94) and gave the company an “outperform” rating in a research report on Monday, March 3rd.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.