Daniel Shook Acquires 7 Shares of IMI plc (LON:IMI) Stock

IMI plc (LON:IMI - Get Free Report) insider Daniel Shook bought 7 shares of IMI stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average cost of GBX 1,790 ($22.66) per share, with a total value of £125.30 ($158.59).

Daniel Shook also recently made the following trade(s):

• On Tuesday, February 13th, Daniel Shook acquired 8 shares of IMI stock. The shares were bought at an average cost of GBX 1,711 ($21.66) per share, with a total value of £136.88 ($173.24).

IMI Trading Down 0.1 %

Shares of IMI stock traded down GBX 1 ($0.01) during trading on Wednesday, hitting GBX 1,795 ($22.72). 1,023,347 shares of the company were exchanged, compared to its average volume of 604,377. The firm has a market capitalization of £4.69 billion, a P/E ratio of 1,930.11, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. IMI plc has a 1-year low of GBX 1,429 ($18.09) and a 1-year high of GBX 1,838 ($23.26). The firm's fifty day moving average price is GBX 1,763.81 and its 200 day moving average price is GBX 1,642.09. The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80.

IMI Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 19.20 ($0.24) per share. This is a positive change from IMI's previous dividend of $9.10. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 4th. IMI's payout ratio is presently 3,010.75%.

Analyst Ratings Changes

A number of research analysts have issued reports on IMI shares. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,850 ($23.41) price objective on shares of IMI in a report on Thursday, December 14th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,950 ($24.68) price target on shares of IMI in a report on Monday, March 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 2,150 ($27.21) price target on shares of IMI in a report on Thursday, February 29th.

IMI Company Profile

IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.