IMI trims share count with latest 110,000-share buyback

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

IMI plc has continued its share buyback activity, repurchasing 110,000 ordinary shares on 13 May 2026 at an average price of 2,697.7723 pence per share for cancellation. The highest and lowest prices paid during the session were 2,760.0000p and 2,674.0000p respectively, reflecting active trading around the upper end of the company’s recent range.

Following settlement and cancellation of these shares, IMI’s share capital will comprise 253,551,940 ordinary shares in issue. With 12,648,836 shares held in treasury, the total number of voting rights available to investors will be reduced to 240,903,104, marginally enhancing earnings per share and signalling continued capital returns to shareholders.

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 engineering group that designs and manufactures specialist flow control and motion control products for industrial customers worldwide. Its technologies serve sectors such as energy, transportation and infrastructure, where precision engineered valves and control systems are critical to operational performance and efficiency.

Average Trading Volume: 1,489,363

Technical Sentiment Signal: Buy

Current Market Cap: £6.55B

For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.