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

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

In addition to this sale, Roy Twite also made another recent transaction:

• On February 11th, he purchased 8 shares of IMI stock at an average price of GBX 1,935 ($25.06) per share, amounting to a total transaction of £154.80 ($200.52).

IMI Stock Performance

On Friday, shares of IMI experienced a gain of 1.6%, rising by GBX 31 ($0.40) during trading to reach GBX 1,977 ($25.61). The trading volume for the day was 396,652 shares, which is notably lower than the average volume of 2,236,326 shares. As of now, IMI plc holds a market capitalization of £5.01 billion, with a PE ratio of 20.26, a PEG ratio of 1.12, and a beta of 1.08. The stock has experienced a 12-month low of GBX 1,630 ($21.11) and a high of GBX 2,090 ($27.07). Currently, the fifty-day simple moving average stands at GBX 1,933.39, while the 200-day simple moving average is at GBX 1,842.07. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36, and a quick ratio of 0.80.

IMI plc recently announced its earnings results on February 28th, posting an EPS of GBX 122.50 ($1.59) for the quarter. Additionally, the company reported a return on equity of 23.85% and a net margin of 11.46%. Analysts are projecting an EPS of approximately 138.00 for the current fiscal year.

Analysts' Price Targets

In other recent updates, the Royal Bank of Canada raised its price target for IMI shares from GBX 2,250 ($29.15) to GBX 2,400 ($31.09) and classified the stock with an "outperform" rating in a research note issued on March 3rd.

About IMI plc

IMI plc is an engineering firm that specializes in fluid and motion control markets. By leveraging extensive engineering expertise along with application knowledge, IMI seeks to deliver effective solutions to crucial industry challenges. The company aims to enhance safety, sustainability, and productivity for its customers. IMI operates with a workforce of about 10,000 people, maintains manufacturing facilities across 19 countries, and provides a global service network.

IMI, Stocks, RoyTwite