IMI Buys Back 109,000 Shares, Trims Voting Rights to 241 Million

An update from IMI plc ( (GB:IMI) ) is now available.

IMI plc has repurchased 109,000 of its ordinary shares on 12 May 2026 via J.P. Morgan Securities at an average price of 2,767.1426 pence per share, with prices ranging between 2,728 pence and 2,804 pence. Following cancellation of these shares, IMI will have 253,661,142 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 241,012,306 voting rights outstanding.

The transaction is part of the company’s ongoing capital management, marginally reducing the free float and potentially enhancing earnings per share for remaining investors. By continuing to buy back and cancel stock, IMI signals confidence in its valuation and cash generation, while fine-tuning its equity base in line with shareholder-return priorities.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £32.30 price target. To see the full list of analyst forecasts on IMI plc stock, see the GB:IMI Stock Forecast page.

Spark’s Take on IMI Stock

According to Spark, TipRanks’ AI Analyst, IMI is a Outperform.

The score is driven primarily by strong financial performance (rising margins, strong ROE, and improving leverage), offset by weaker near-term technical momentum and a valuation that is not notably cheap given a modest dividend yield.

To see Spark’s full report on IMI stock, click here.

More about IMI plc

IMI plc is a U.K.-listed engineering group that designs and manufactures specialist flow control products and systems. The company focuses on industrial applications across sectors such as energy, transportation and process industries, where precision valves and control technologies are critical to operational performance.

Average Trading Volume: 1,483,993

Technical Sentiment Signal: Buy

Current Market Cap: £6.68B

See more insights into IMI stock on TipRanks’ Stock Analysis page.