Insider Buying: IMI (LON:IMI) Insider Purchases 5 Shares of Stock

Key Points

• Roy Twite, an IMI insider, bought 5 shares on March 10 at GBX 2,790 (total £139.50) and has made two prior small purchases this year (6 shares on Feb 10 at GBX 2,854 and 5 shares on Jan 13 at GBX 2,618), showing a pattern of repeated but modest insider buying.
• IMI shares were trading around GBX 2,758 (down GBX 18), the company has a £6.79bn market cap, and analysts hold a consensus "Moderate Buy" with a consensus price target of GBX 2,670.71 while JPMorgan raised its target to GBX 2,960.

IMI plc (LON:IMI - Get Free Report) insider Roy Twite bought 5 shares of IMI stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of GBX 2,790 per share, with a total value of £139.50.

Roy Twite also recently made the following trade(s):

• On Tuesday, February 10th, Roy Twite bought 6 shares of IMI stock. The stock was acquired at an average price of GBX 2,854 per share, with a total value of £171.24.
• On Tuesday, January 13th, Roy Twite purchased 5 shares of IMI stock. The stock was acquired at an average cost of GBX 2,618 per share, for a total transaction of £130.90.

IMI Price Performance

Shares of IMI stock traded down GBX 18 on Wednesday, hitting GBX 2,758. 1,013,543 shares of the company were exchanged, compared to its average volume of 3,804,012. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The company has a 50-day moving average price of GBX 2,744.86 and a 200 day moving average price of GBX 2,499.27. The stock has a market capitalization of £6.79 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. IMI plc has a 1-year low of GBX 1,555.96 and a 1-year high of GBX 3,848.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings data on Friday, March 6th. The company reported GBX 132.30 EPS for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. As a group, sell-side analysts predict that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IMI has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an "overweight" rating in a research note on Thursday, December 4th. Panmure Gordon reaffirmed a "buy" rating and set a GBX 2,760 price target on shares of IMI in a research report on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,670.71.

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.

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