IMI (LON:IMI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

IMI plc (LON:IMI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,845.05 ($24.51) and traded as high as GBX 1,978 ($26.28). IMI shares last traded at GBX 1,971 ($26.18), with a volume of 1,652,418 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price objective on shares of IMI from GBX 2,250 ($29.89) to GBX 2,400 ($31.88) and gave the company an “outperform” rating in a research note on Monday, March 3rd.

IMI Stock Performance

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 company has a market cap of £5.00 billion, a PE ratio of 20.20, a P/E/G ratio of 1.12 and a beta of 1.08. The stock’s 50 day simple moving average is GBX 1,823.96 and its two-hundred day simple moving average is GBX 1,845.95.

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

IMI Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 3rd were issued a dividend of GBX 21.10 ($0.28) per share. This represents a yield of 1.04%. This is a positive change from IMI’s previous dividend of $10.00. The ex-dividend date was Thursday, April 3rd. IMI’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at IMI

In related news, insider Roy Twite sold 49,259 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($26.06), for a total transaction of £966,461.58 ($1,283,822.50). In the last three months, insiders bought 21 shares of company stock valued at $40,964. Corporate insiders own 1.52% of the company’s stock.

About IMI

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.