IMI (LON:IMI) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

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 ($24.77) and traded as high as GBX 1,978 ($26.55). IMI shares last traded at GBX 1,971 ($26.46), with a volume of 1,652,418 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their price objective on shares of IMI from GBX 2,250 ($30.20) to GBX 2,400 ($32.21) and gave the company an "outperform" rating in a research report on Monday, March 3rd.

IMI Stock Down 1.3%

The firm has a market capitalization of £4.91 billion, a P/E ratio of 19.83, a PEG ratio of 1.12 and a beta of 1.08. The firm's 50-day moving average is GBX 1,823.58 and its 200 day moving average is GBX 1,853.12. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 122.50 ($1.64) EPS for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, equities research analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

IMI Increases Dividend

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

Insider Buying and Selling at IMI

In other IMI news, insider Roy Twite sold 49,259 shares of IMI stock in a transaction on Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($26.34), for a total value of £966,461.58 ($1,297,263.87). In the last three months, insiders have acquired 21 shares of company stock worth $40,964. Insiders own 1.52% of the company's stock.

IMI Company Profile

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.