IMI plc Cancels 111,300 Shares in Ongoing Buyback Programme

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

IMI plc has continued its share buyback activity, repurchasing 111,300 ordinary shares on 14 May 2026 through J.P. Morgan Securities at an average price of 2,710.5927 pence per share for cancellation. The move reduces the number of IMI’s ordinary shares in issue to 253,440,640, with 240,791,804 voting rights outstanding once treasury shares are excluded.

By shrinking its free-float and total share count, IMI is effectively increasing earnings and dividend metrics on a per-share basis, which can be supportive for the share price and is generally viewed as shareholder-friendly capital allocation. The transaction underscores the company’s ongoing use of buybacks as a tool to return surplus cash to investors and manage its capital structure alongside other strategic 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 industrial engineering group that designs and manufactures specialist flow control products and systems for sectors including energy, power, industrial automation and transportation. The company focuses on highly engineered solutions used in critical applications, competing globally in niche markets where reliability and performance are key purchasing criteria.

Average Trading Volume: 1,479,450

Technical Sentiment Signal: Buy

Current Market Cap: £6.56B

Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.