IMI (LON:IMI) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Shares of IMI plc (LON:IMI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,848.88 ($23.89) and traded as high as GBX 1,974 ($25.51). IMI shares last traded at GBX 1,966 ($25.40), with a volume of 750,807 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price objective on IMI from GBX 2,250 ($29.07) to GBX 2,400 ($31.01) and gave the company an "outperform" rating in a research note on Monday, March 3rd.

IMI Trading Up 1.1 %

The firm has a 50-day moving average of GBX 1,954.21 and a 200 day moving average of GBX 1,850.08. The stock has a market capitalization of £5.00 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

IMI (LON:IMI - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) EPS for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, equities analysts predict 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. Stockholders of record on Thursday, April 3rd will be given a GBX 21.10 ($0.27) dividend. This is a positive change from IMI's previous dividend of $10.00. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 1.04%. IMI's dividend payout ratio (DPR) is currently 29.72%.

Remove Ads

Insiders Place Their Bets

In other IMI news, insider Roy Twite sold 49,259 shares of IMI stock in a transaction on Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($25.35), for a total transaction of £966,461.58 ($1,248,819.72). Insiders bought a total of 22 shares of company stock valued at $42,388 in the last quarter. Insiders own 1.52% of the company's stock.

IMI Company Profile

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.