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

On March 13th, 2023, Roy Twite, an insider at IMI plc (LON:IMI), executed a significant sale by offloading 49,259 shares of the company's stock. This transaction was completed at an average price of GBX 1,962 (approximately $25.41), resulting in a total worth of £966,461.58 (around $1,251,893.24).

Recent trading activity by Roy Twite includes a small purchase made on February 11th, when he acquired 8 shares at an average price of GBX 1,935 ($25.06), totaling £154.80 ($200.52).

IMI Stock Performance

Following the sale, shares of IMI plc saw an uptick, trading up by 1.6% on the following Friday. The stock rose by GBX 31 ($0.40), reaching a price of GBX 1,977 ($25.61) during trading. The trading volume for that day was 396,652 shares, contrasting with the average volume of 2,236,326 shares. IMI plc holds a market capitalization of approximately £5.01 billion, with a PE ratio of 20.26, a PEG ratio of 1.12, and a beta of 1.08. Over the past year, the stock has experienced a low of GBX 1,630 ($21.11) and a high of GBX 2,090 ($27.07). The company's fifty-day simple moving average stands at GBX 1,933.39, while its 200-day average is at GBX 1,842.07. Financial ratios indicate a debt-to-equity ratio of 68.33, a current ratio of 1.36, and a quick ratio of 0.80.

The last earnings report from IMI was released on February 28th, where the company reported earnings of GBX 122.50 ($1.59) per share for the quarter. IMI's return on equity was approximately 23.85%, with a net margin of 11.46%. Analysts predict that IMI plc will achieve an EPS of 137.97 for the current fiscal year.

Analyst Ratings and Price Targets

In recent analyst evaluations, Royal Bank of Canada raised their price target for IMI shares from GBX 2,250 ($29.15) to GBX 2,400 ($31.09), reaffirming an "outperform" rating in a research note. This change reflects the market's confidence in the company’s performance moving forward.

About IMI plc

IMI plc operates as a specialized engineering firm focusing on fluid and motion control solutions. The company combines extensive engineering knowledge with application expertise to tackle critical industry challenges, helping its customers enhance safety, sustainability, and productivity. IMI employs about 10,000 people globally, managing manufacturing operations in 19 countries alongside an extensive service network.

Conclusion

Roy Twite's recent share transactions highlight noteworthy activities within IMI plc, reflecting personal investment strategies and market movements regarding the company’s stock. Investors should keep an eye on future developments and analyst opinions regarding IMI's stock performance.

IMI, Shares, Investment