IMI Reduces Share Count with Latest Buyback Tranche

IMI plc ( (GB:IMI) ) has provided an announcement.

IMI plc has continued its share buyback activity, purchasing 110,461 ordinary shares on 20 May 2026 via J.P. Morgan Securities at an average price of 2,697.0571 pence for cancellation. Following this transaction, IMI will have 252,728,457 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 240,079,621 voting rights outstanding.

The move marginally reduces the company’s free float and total voting rights, supporting capital return to shareholders and potentially enhancing earnings per share over time. The buyback underscores management’s ongoing use of balance sheet capacity to optimize capital structure, which may be viewed positively by investors seeking sustained shareholder distributions.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £3080.00 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 (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 UK-listed engineering group that designs and manufactures highly engineered products for critical flow control and motion applications across industrial end markets. The company focuses on sectors such as energy, process industries and infrastructure, where reliability and precision are key to customer operations and capital investment decisions.

Average Trading Volume: 1,558,486

Technical Sentiment Signal: Buy

Current Market Cap: £6.52B

For an in-depth examination of IMI stock, go to TipRanks’ Overview page.