IMI plc (LON:IMI) Insider Daniel Shook Buys 8 Shares of Stock

IMI plc (LON:IMI – Get Rating) insider Daniel Shook purchased 8 shares of the stock in a transaction on Tuesday, April 11th. The shares were acquired at an average cost of GBX 1,450 ($17.96) per share, for a total transaction of £116 ($143.65).

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

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• On Tuesday, March 14th, Daniel Shook bought 9 shares of IMI stock. The stock was purchased at an average cost of GBX 1,460 ($18.08) per share, for a total transaction of £131.40 ($162.72).
• On Tuesday, February 14th, Daniel Shook bought 8 shares of IMI stock. The stock was purchased at an average cost of GBX 1,552 ($19.22) per share, for a total transaction of £124.16 ($153.76).

IMI Stock Performance

LON:IMI opened at GBX 1,468 ($18.18) on Thursday. The company has a market capitalization of £3.83 billion, a PE ratio of 1,687.36, a P/E/G ratio of 1.12 and a beta of 1.17. The company has a 50 day simple moving average of GBX 1,522.99 and a two-hundred day simple moving average of GBX 1,393.32. The company has a debt-to-equity ratio of 104.35, a quick ratio of 0.80 and a current ratio of 1.29. IMI plc has a fifty-two week low of GBX 1,069 ($13.24) and a fifty-two week high of GBX 1,641 ($20.32).

IMI Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 12th. Shareholders of record on Thursday, April 6th will be given a dividend of GBX 17.40 ($0.22) per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 6th. This is an increase from IMI’s previous dividend of $8.30. IMI’s dividend payout ratio is currently 2,988.51%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IMI shares. JPMorgan Chase & Co. boosted their price target on IMI from GBX 1,655 ($20.50) to GBX 1,800 ($22.29) and gave the company an “overweight” rating in a research note on Monday, March 6th. Jefferies Financial Group upped their target price on IMI from GBX 1,765 ($21.86) to GBX 1,870 ($23.16) and gave the stock a “buy” rating in a research note on Tuesday, March 14th. Finally, Royal Bank of Canada upped their target price on IMI from GBX 1,900 ($23.53) to GBX 2,000 ($24.77) and gave the stock an “outperform” rating in a research note on Friday, March 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 1,855 ($22.97).

IMI Company Profile

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IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.

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