IMI plc Buys Back 115,132 Shares, Tightening Free Float and Voting Base

IMI plc ( (GB:IMI) ) just unveiled an announcement.

IMI plc has continued its share buyback programme, purchasing 115,132 ordinary shares on 20 March 2026 via J.P. Morgan Securities at an average price of 2,582.4608 pence, with the shares to be cancelled. Following this transaction, IMI’s share capital will comprise 258,563,543 shares in issue, of which 12,648,836 are held in treasury, leaving 245,914,707 voting shares outstanding.

The latest repurchase further reduces IMI’s free float and concentrates ownership among remaining shareholders, typically a signal of management’s confidence in the company’s valuation and cash-generation capacity. The adjustment to the total voting rights is also relevant for investors monitoring index weightings and regulatory thresholds tied to IMI’s capital structure.

The most recent analyst rating on (GB:IMI) stock is a Hold with a £2700.00 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 (improving margins, de-risking balance sheet, solid earnings quality) and a generally positive earnings call with reaffirmed guidance and strong orders. This is tempered by mixed near-term technical momentum and a valuation profile that looks only moderately attractive given the ~20 P/E and low dividend yield.

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

More about IMI plc

IMI plc is a UK-listed engineering group that designs and manufactures specialist flow control products and systems used across industrial, energy and process markets. The company focuses on highly engineered solutions that manage the precise control and movement of fluids, supporting customers in sectors such as manufacturing, power generation and broader infrastructure applications.

Average Trading Volume: 940,586

Technical Sentiment Signal: Buy

Current Market Cap: £6.28B

See more data about IMI stock on TipRanks’ Stock Analysis page.