IMI trims share count with £13m buyback, updates voting rights

IMI plc ( (GB:IMI) ) has issued an update.

IMI plc has repurchased 511,000 of its ordinary shares on 31 March 2026 through J.P. Morgan Securities plc, paying an average price of 2,557.8688 pence per share and a maximum of 2,620 pence. Following cancellation of these shares, IMI’s share capital will comprise 256,108,008 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 243,459,172 voting shares outstanding.

The transactions, executed on the London Stock Exchange and BATS venues, form part of the company’s ongoing capital management, marginally reducing the free-float and enhancing earnings per share for remaining investors. The updated voting rights figure will be used by shareholders and index compilers to assess positions and comply with disclosure obligations under U.K. market regulations.

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 U.K.-listed engineering group focused on specialist flow control and motion control technologies for industrial, energy, and process markets. Its products and systems are used across sectors such as power generation, energy infrastructure, and advanced manufacturing, with a strategy that emphasizes capital discipline and shareholder returns.

Average Trading Volume: 1,051,832

Technical Sentiment Signal: Buy

Current Market Cap: £6.32B

For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.