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

IMI plc (LON:IMI) insider Roy Twite sold 57,067 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 bought 9 shares of IMI stock. The shares were acquired at an average price of GBX 1,589 ($20.08) per share, with a total value of £143.01 ($180.73).

IMI Stock Performance

Shares of IMI opened at GBX 1,815 ($22.94) on Friday. The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80. The stock has a market capitalization of £4.75 billion, a P/E ratio of 1,994.51, a P/E/G ratio of 1.12 and a beta of 1.13. IMI plc has a 12-month low of GBX 1,413 ($17.86) and a 12-month high of GBX 1,838 ($23.23). The firm’s 50 day moving average is GBX 1,731.75 and its 200-day moving average is GBX 1,619.27.

IMI Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be paid a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from IMI’s previous dividend of $9.10. This represents a yield of 1.11%. IMI’s dividend payout ratio is currently 3,076.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,150 ($27.17) price objective on shares of IMI in a research note on Thursday, February 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,950 ($24.64) price target on shares of IMI in a report on Monday, March 4th. 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 note 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.