Roy Twite Sells 49,259 Shares of IMI plc (LON:IMI) Stock

On March 13th, 2023, Roy Twite, an insider of IMI plc (LON:IMI), executed a significant transaction by selling 49,259 shares of the company. This sale occurred at an average price of GBX 1,962 ($25.41) per share, amounting to a total value of £966,461.58 ($1,251,893.24).

Additionally, in a previous transaction on February 11th, Roy Twite acquired 8 shares of IMI stock at an average price of GBX 1,935 ($25.06) per share, resulting in a total purchase price of £154.80 ($200.52).

IMI Stock Performance

Following the recent sale, IMI shares saw a rise of 1.6% during the trading session on Friday, climbing by GBX 31 ($0.40) to reach GBX 1,977 ($25.61). The trading volume for the day stood at 396,652 shares, considerably lower than the average trading volume of 2,236,326 shares. IMI plc holds a market capitalization of £5.01 billion, with a PE ratio of 20.26 and a PEG ratio of 1.12. The stock's beta is recorded at 1.08. Over the past 12 months, IMI has experienced a low of GBX 1,630 ($21.11) and a high of GBX 2,090 ($27.07). Its 50-day and 200-day simple moving averages are marked at GBX 1,933.39 and GBX 1,842.07, respectively. The company reports a debt-to-equity ratio of 68.33, a current ratio of 1.36, and a quick ratio of 0.80.

IMI plc last reported its earnings on February 28th, where the company revealed an earnings per share (EPS) of GBX 122.50 ($1.59) for the quarter. IMI’s return on equity is notably high at 23.85%, complemented by a net margin of 11.46%. Analysts collectively project that IMI plc is expected to deliver an EPS of approximately 137.97 for the current fiscal year.

Analysts Update on IMI Shares

In more recent news, the Royal Bank of Canada has adjusted its price target for IMI shares, increasing it from GBX 2,250 ($29.15) to GBX 2,400 ($31.09). They have classified IMI stock with an "outperform" rating in their research note released on March 3rd.

About IMI plc

IMI plc is a specialized engineering firm headquartered in the UK, focusing on fluid and motion control markets. The company utilizes profound engineering expertise alongside strong application skills to provide solutions addressing critical industry challenges. IMI aims to assist its customers in achieving improved safety, sustainability, and productivity. The organization employs around 10,000 staff across manufacturing sites in 19 different countries, while also maintaining a global service network.

Investment Considerations

Before making any investment decisions regarding IMI plc, it is crucial for investors to undertake thorough research and consult financial experts. Despite currently holding a buy rating from analysts, there may be other stocks that offer better investment opportunities.

IMI, stocks, insider