IMI plc (LON:IMI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,649.96 ($20.54) and traded as high as GBX 1,747.43 ($21.75). IMI shares last traded at GBX 1,718 ($21.39), with a volume of 342,299 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,150 ($26.76) price objective on shares of IMI in a research note on Thursday, February 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,950 ($24.27) price objective on shares of IMI in a research note on Monday, March 4th.
Check Out Our Latest Stock Analysis on IMI
IMI Stock Performance
IMI Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be paid a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date is Thursday, April 4th. This is a positive change from IMI’s previous dividend of $9.10. This represents a yield of 1.11%. IMI’s dividend payout ratio is presently 3,010.75%.
Insider Activity at IMI
In related news, insider Roy Twite sold 57,067 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.64), for a total transaction of £1,038,048.73 ($1,292,230.46). 1.41% of the stock is owned by corporate insiders.
About IMI
IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.
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