IMI plc (LON:IMI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,855.65 ($23.93) and traded as high as GBX 1,900 ($24.50). IMI shares last traded at GBX 1,887 ($24.33), with a volume of 584,931 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada increased their target price on IMI from GBX 2,250 ($29.01) to GBX 2,400 ($30.95) and gave the company an "outperform" rating in a research report on Monday, March 3rd.
Read Our Latest Stock Report on IMI
IMI Trading Down 6.9 %
The firm has a market cap of £4.27 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company's 50-day moving average price is GBX 1,947.83 and its 200-day moving average price is GBX 1,855.43. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.
IMI (LON:IMI - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 122.50 ($1.58) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Equities analysts expect that IMI plc will post 137.9737609 EPS for the current fiscal year.
IMI Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 3rd will be given a dividend of GBX 21.10 ($0.27) per share. This represents a dividend yield of 1.04%. This is a boost from IMI's previous dividend of $10.00. The ex-dividend date of this dividend is Thursday, April 3rd. IMI's payout ratio is presently 29.72%.
Insider Activity at IMI
In related news, insider Roy Twite sold 49,259 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($25.30), for a total transaction of £966,461.58 ($1,246,243.17). In the last ninety days, insiders bought 22 shares of company stock valued at $42,388. 1.52% of the stock is owned by insiders.
IMI Company Profile
(
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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.
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