IMI (LON:IMI) Sets New 1-Year Low - Here's Why

IMI plc (LON:IMI - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 1,558 ($20.39) and last traded at GBX 1,591.27 ($20.83), with a volume of 4842244 shares traded. The stock had previously closed at GBX 1,686 ($22.07).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price target on shares of IMI from GBX 2,250 ($29.45) to GBX 2,400 ($31.41) and gave the company an "outperform" rating in a report on Monday, March 3rd.

IMI Stock Down 0.2 %

The company has a market capitalization of £4.21 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The firm has a 50 day moving average price of GBX 1,902.83 and a two-hundred day moving average price of GBX 1,845.54.

IMI (LON:IMI - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 122.50 ($1.60) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, sell-side analysts expect that IMI plc will post 137.9737609 earnings per share for the current year.

IMI Increases Dividend

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

Insider Buying and Selling at IMI

In related news, insider Roy Twite sold 49,259 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($25.68), for a total value of £966,461.58 ($1,265,002.07). Insiders have purchased 22 shares of company stock worth $42,388 in the last ninety days. 1.52% of the stock is owned by insiders.

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.