IMI plc (LON:IMI - Get Free Report) shares passed 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 trading hands.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised their price objective on IMI from GBX 2,250 ($29.89) to GBX 2,400 ($31.88) and gave the stock an "outperform" rating in a research note on Monday, March 3rd.
Check Out Our Latest Stock Report on IMI
IMI Price Performance
The firm has a market cap of £5.00 billion, a P/E ratio of 20.20, a PEG ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The company has a fifty day moving average price of GBX 1,823.96 and a two-hundred day moving average price of GBX 1,845.05.
IMI (LON:IMI - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.63) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Equities analysts anticipate that IMI plc will post 137.9737609 earnings per share for the current year.
IMI Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd were given a GBX 21.10 ($0.28) dividend. This represents a yield of 1.04%. This is an increase from IMI's previous dividend of $10.00. The ex-dividend date of this dividend was Thursday, April 3rd. IMI's dividend payout ratio is presently 29.72%.
Insider Buying and Selling at IMI
In other news, insider Roy Twite sold 49,259 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($26.06), for a total value of £966,461.58 ($1,283,822.50). In the last 90 days, insiders bought 21 shares of company stock worth $40,964. Insiders own 1.52% of the company's stock.
IMI Company Profile
(
Get Free Report)
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.
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