IMI Tightens Free Float With Targeted Share Buyback

The latest update is out from IMI plc ( (GB:IMI) ).

IMI plc has repurchased 111,685 of its ordinary shares on 17 March 2026, at a volume-weighted average price of 2,673.7619 pence, with the shares bought through J.P. Morgan Securities and cancelled. Following this transaction, IMI’s total shares in issue fall to 258,888,659, of which 12,648,836 are held in treasury, leaving 246,239,823 voting rights, a move that marginally enhances earnings per share and tightens the company’s free float for investors.

The buyback activity, executed entirely on the London Stock Exchange, reflects IMI’s ongoing capital management strategy and suggests confidence in the company’s valuation and cash generation. For shareholders, the reduced share count can be supportive of per-share metrics, while the updated voting-rights figure provides clarity for institutional investors tracking index weights and governance thresholds.

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 industrial engineering group that designs and manufactures specialist flow control and motion control technologies for critical applications. Its products typically serve sectors such as energy, transportation, industrial automation and process industries, where reliability and precision engineering are key competitive differentiators.

Average Trading Volume: 899,168

Technical Sentiment Signal: Buy

Current Market Cap: £6.59B

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