IMI plc Further Reduces Share Count with Targeted Buyback

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

IMI plc has continued its share buyback activity, repurchasing 111,374 ordinary shares on 26 March 2026 via J.P. Morgan Securities at an average price of 2,684.2779 pence for cancellation. The move marginally reduces the company’s share capital and is likely intended to enhance capital efficiency and support earnings per share, with the total shares in issue falling to 257,325,508 and voting rights to 244,676,672 after accounting for treasury holdings.

The latest transaction underscores IMI’s ongoing approach to active balance sheet management, returning surplus capital to shareholders while signalling confidence in the company’s valuation and cash generation. For investors, the reduced free float and tighter share count can be supportive of per-share metrics, although the overall scale of this single-day purchase is modest relative to IMI’s total market capitalisation.

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 highly engineered flow control products and solutions. Its technologies serve industrial sectors including energy, process industries and infrastructure, where precision valves and fluid control systems are critical to customer operations and efficiency.

Average Trading Volume: 992,482

Technical Sentiment Signal: Buy

Current Market Cap: £6.49B

Learn more about IMI stock on TipRanks’ Stock Analysis page.