Roy Twite Sells 49,259 Shares of IMI plc

On Thursday, March 13th, Roy Twite, an insider at IMI plc (LON:IMI), sold a total of 49,259 shares of the company's stock. The shares were sold at an average price of GBX 1,962 (approximately $25.41), resulting in a total transaction value of £966,461.58 (around $1,251,893.24).

In addition to this transaction, Roy Twite made another notable trade recently. On Tuesday, February 11th, he purchased 8 shares of IMI stock at an average price of GBX 1,935 (roughly $25.06) per share, leading to a total expenditure of £154.80 (about $200.52).

IMI Stock Performance

Following these transactions, IMI shares experienced an uptick. On Friday, the stock rose by 1.6%, gaining GBX 31 ($0.40) during trading, reaching GBX 1,977 ($25.61). The trading volume for the day was 396,652 shares, which is lower than the average volume of 2,236,326 shares. Currently, the market capitalization of IMI plc stands at £5.01 billion, with a PE ratio of 20.26 and a PEG ratio of 1.12. The company's stock shows some volatility with a beta of 1.08, having recorded a 12 month low of GBX 1,630 ($21.11) and a 12 month high of GBX 2,090 ($27.07). The 50-day moving average for the stock is GBX 1,933.39, while the 200-day moving average is GBX 1,842.07. The company's financial ratios include a debt-to-equity ratio of 68.33, a current ratio of 1.36, and a quick ratio of 0.80.

The latest earnings report for IMI was released on February 28th, where the company announced an EPS of GBX 122.50 (about $1.59) for the quarter. The firm has shown strong performance with a return on equity of 23.85% and a net margin of 11.46%. Analysts predict that IMI plc will achieve an EPS of approximately 137.97 for the current fiscal year.

Analysts Increase Price Targets

In related news, Royal Bank of Canada has recently updated its price target for IMI shares, raising it from GBX 2,250 ($29.15) to GBX 2,400 ($31.09), assigning the stock an "outperform" rating as per a research note issued on March 3rd.

About IMI plc

IMI plc is a leading engineering company specializing in fluid and motion control markets. By combining extensive engineering expertise with practical applications, IMI develops solutions that address critical industry challenges. The company aims to enhance safety, sustainability, and productivity for its customers. With a workforce of around 10,000 people, IMI operates manufacturing facilities in 19 countries and has a comprehensive global service network.

This information aims to provide an overview of recent developments related to IMI plc and should not be viewed as financial advice.

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