Roy Twite Sells 49,259 Shares of IMI plc (LON:IMI) Stock

On Thursday, March 13th, Roy Twite, an insider at IMI plc (LON:IMI - Get Free Report), sold 49,259 shares of the company’s stock. The shares were sold at an average price of GBX 1,962 ($25.41) each, resulting in a total transaction value of £966,461.58 ($1,251,893.24).

In addition to this sale, Roy Twite also made another trade recently. On Tuesday, February 11th, he purchased 8 shares of IMI stock. This acquisition was made at an average price of GBX 1,935 ($25.06) per share, leading to a total transaction of £154.80 ($200.52).

IMI Share Performance

IMI plc saw an increase of 1.6% in its stock price during Friday’s trading session. The shares rose by GBX 31 ($0.40), reaching a price of GBX 1,977 ($25.61). The trading volume for the stock on that day was 396,652 shares, significantly lower than its average volume of 2,236,326 shares. Currently, IMI has a market capitalization of £5.01 billion, a price-to-earnings (PE) ratio of 20.26, a price/earnings to growth (PEG) ratio of 1.12, and a beta of 1.08. The stock has recorded a 12-month low of GBX 1,630 ($21.11) and a 12-month high of GBX 2,090 ($27.07). The fifty-day simple moving average stands at GBX 1,933.39 while the 200-day simple moving average is GBX 1,842.07. Financial ratios include a debt-to-equity ratio of 68.33, a current ratio of 1.36, and a quick ratio of 0.80.

IMI plc shared its latest earnings results on Friday, February 28th, reporting an earnings per share (EPS) of GBX 122.50 ($1.59) for the quarter. The company achieved a return on equity of 23.85% and a net margin of 11.46%. Analysts predict that IMI plc will report an EPS of approximately 137.97 for the current fiscal year.

New Analyst Ratings

In a separate update, the Royal Bank of Canada raised its price target for IMI shares from GBX 2,250 ($29.15) to GBX 2,400 ($31.09) and assigned the stock an "outperform" rating in a research note published on March 3rd.

Company Overview

IMI plc is a specialist engineering company focused on fluid and motion control markets. The company combines its extensive engineering expertise with a robust applications knowledge to create solutions for pressing industry challenges. IMI strives to enhance safety, sustainability, and productivity for its customers. With approximately 10,000 employees, IMI operates manufacturing facilities in 19 countries and maintains a global service network.

IMI, Shares, Transaction