IMI (LON:IMI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

IMI plc (LON:IMI) shares 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 traded.

Wall Street Analysts Forecast Growth

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

IMI Price Performance

The stock has a 50-day simple moving average of GBX 1,951.73 and a 200 day simple moving average of GBX 1,848.88. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The company has a market cap of £4.98 billion, a PE ratio of 20.15, a P/E/G ratio of 1.12 and a beta of 1.08.

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

IMI Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be issued a dividend of GBX 21.10 ($0.27) per share. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from IMI’s previous dividend of $10.00. IMI’s payout ratio is 29.72%.

Insider Activity at IMI

In other IMI news, insider Roy Twite sold 49,259 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($25.33), for a total value of £966,461.58 ($1,247,852.27). Insiders have acquired 22 shares of company stock valued at $42,388 over the last quarter. 1.52% of the stock is owned by insiders.

IMI Company Profile

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.