IMI (LON:IMI) Stock Crosses Above 200-Day Moving Average – What’s Next?

IMI plc (LON:IMI)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,848.88 ($23.87) and traded as high as GBX 1,974 ($25.49). IMI shares last traded at GBX 1,966 ($25.38), with a volume of 750,807 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their target price on shares of IMI from GBX 2,250 ($29.05) to GBX 2,400 ($30.99) and gave the company an “outperform” rating in a research note on Monday, March 3rd.

IMI Stock Down 1.0 %

The company has a market cap of £4.98 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.12 and a beta of 1.08. The business has a fifty day moving average of GBX 1,951.73 and a two-hundred day moving average of GBX 1,848.88. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

IMI (LON:IMI) last announced its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, equities analysts anticipate that IMI plc will post 137.9737609 EPS for the current fiscal year.

IMI Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be given a GBX 21.10 ($0.27) dividend. This is a positive change from IMI’s previous dividend of $10.00. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a dividend yield of 1.04%. IMI’s dividend payout ratio (DPR) is 29.72%.

Insider Buying and Selling

In other news, insider Roy Twite sold 49,259 shares of IMI stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($25.33), for a total value of £966,461.58 ($1,247,852.27). Insiders purchased a total of 22 shares of company stock worth $42,388 in the last 90 days. Insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.