IMI plc (LON:IMI) Insider Purchases £122.21 in Stock

IMI plc (LON:IMI) insider Roy Twite bought 11 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average cost of GBX 1,111 ($15.60) per share, with a total value of £122.21 ($171.55).

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

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  • On Tuesday, February 13th, Roy Twite purchased 10 shares of IMI stock. The stock was bought at an average cost of GBX 1,249 ($17.53) per share, for a total transaction of £124.90 ($175.32).

IMI traded down GBX 12 ($0.17) on Friday, hitting GBX 1,024 ($14.37). 831,806 shares of the company’s stock were exchanged, compared to its average volume of 997,118. IMI plc has a fifty-two week low of GBX 1,093 ($15.34) and a fifty-two week high of GBX 1,453 ($20.40).

The company also recently declared a dividend, which will be paid on Friday, May 18th. Stockholders of record on Thursday, April 5th will be given a dividend of GBX 25.20 ($0.35) per share. This is a boost from IMI’s previous dividend of $14.20. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 2.23%.

A number of research firms recently issued reports on IMI. BNP Paribas reissued a “neutral” rating on shares of IMI in a research note on Thursday. HSBC reissued a “hold” rating and issued a GBX 1,200 ($16.84) price target on shares of IMI in a research note on Wednesday, March 28th. Deutsche Bank reissued a “buy” rating and issued a GBX 1,475 ($20.70) price target on shares of IMI in a research note on Wednesday, March 14th. Citigroup dropped their price target on shares of IMI from GBX 1,360 ($19.09) to GBX 1,260 ($17.69) and set a “neutral” rating on the stock in a research note on Monday, March 12th. Finally, Morgan Stanley lowered their target price on shares of IMI from GBX 1,260 ($17.69) to GBX 1,250 ($17.55) and set an “equal weight” rating on the stock in a research note on Tuesday, March 6th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. IMI presently has an average rating of “Hold” and a consensus price target of GBX 1,316.92 ($18.49).

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IMI Company Profile

IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.

Insider Buying and Selling by Quarter for IMI (LON:IMI)

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