IMI (LON:IMI) Shares Pass Above 200 Day Moving Average - What's Next?

IMI plc (LON:IMI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,837.68 ($24.42) and traded as high as GBX 1,910 ($25.38). IMI shares last traded at GBX 1,885 ($25.05), with a volume of 1,980,589 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on shares of IMI from GBX 2,250 ($29.90) to GBX 2,400 ($31.89) and gave the company an "outperform" rating in a research report on Monday, March 3rd.

IMI Trading Up 0.0%

The firm's 50-day moving average is GBX 1,832.60 and its 200-day moving average is GBX 1,839.66. 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 firm has a market cap of £4.78 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.63) earnings per share (EPS) for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, sell-side analysts anticipate that IMI plc will post 137.9737609 EPS for the current fiscal year.

IMI Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be issued a dividend of GBX 21.10 ($0.28) per share. This represents a yield of 1.04%. This is an increase from IMI's previous dividend of $10.00. The ex-dividend date is Thursday, April 3rd. IMI's payout ratio is currently 29.72%.

Insiders Place Their Bets

In other news, insider Roy Twite sold 49,259 shares of IMI stock in a transaction on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($26.07), for a total transaction of £966,461.58 ($1,284,163.67). Insiders own 1.52% of the company's stock.

About IMI

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.