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

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

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

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

IMI Stock Up 0.1 %

Shares of LON:IMI opened at GBX 1,815 ($22.94) on Friday. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.80 and a current ratio of 1.50. IMI plc has a 52-week low of GBX 1,413 ($17.86) and a 52-week high of GBX 1,838 ($23.23). The company has a market capitalization of £4.75 billion, a PE ratio of 1,994.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. The company has a fifty day moving average of GBX 1,731.75 and a 200-day moving average of GBX 1,619.27.

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 issued a dividend of GBX 19.20 ($0.24) per share. This is a boost from IMI’s previous dividend of $9.10. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, April 4th. IMI’s payout ratio is 3,076.92%.

Analyst Upgrades and Downgrades

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