London, June 15, 2026, 13:04 BST.
- IMI shares closed at 2,943p on Monday, up 3.26%. The stock hit a 52-week high during the session on delayed data.
- IMI repurchased 106,000 shares for cancellation on June 12, paying an average of 2,866.1940p per share, the company said in its latest filing.
- IMI is set to post half-year results on July 31, 2026.
IMI plc jumped 3.26% to 2,943p in London trading Monday, edging closer to its top level for the year. The stock touched a new 52-week high and has gained over 40% in the past 12 months, according to Investors Chronicle. Volume was about 826,520 shares at 12:48 BST, Investors Chronicle said.
IMI (IMI) kept its profit guidance unchanged in its latest statement. In an RNS out Monday, IMI said it bought back 106,000 ordinary shares for cancellation on June 12 at a volume-weighted average price of 2,866.1940p a share. J.P. Morgan Securities handled the buyback. Buybacks cut the share count. Flat profits with fewer shares can lift earnings per share. Shares might struggle if investors get nervous about orders, margins, or cash.
IMI’s latest share buyback is part of a broader payout push. The company said on May 29 that Deutsche Numis will oversee the second £250 million phase. IMI first outlined the buyback plan in March, allowing repurchases of up to £500 million, running as late as the end of 2026. This should return more cash to the market and may help steady the share price with consistent buying, but IMI’s core risks remain unchanged.
IMI said organic revenue was up 5% in Q1 in its May trading update. The number cuts out FX, deals, and disposals. CEO Roy Twite said it was “a good start to the year” and “reconfirming our full-year guidance.” IMI is holding its adjusted basic EPS target for 2026 at 136p to 142p. Adjusted EPS excludes what IMI calls adjusting items. Investegate
IMI bulls see strength in energy, automation, and healthcare, and they highlight Process Automation’s ties to data centre and electrification trends. The company’s Climate Control segment still sees high demand for direct liquid cooling in data centres. On the bear side, Process Automation orders dropped 2% organically in the first quarter. Year-on-year comparisons were tough. The outlook depends on Middle East shipments. Shares have run up and look expensive. Investors Chronicle puts the trailing P/E at 22.95. The latest published analyst consensus from management, updated May 21, puts adjusted EPS at 140.1p for 2026 and 153.0p in 2027.
IMI shares look fairly priced on the latest figures. The buyback, steady guidance, and aftermarket exposure are positives. But with the stock at this level, any misstep could stand out. The next event is the half-year update due July 31. Key things investors want: solid order flow, margins that hit targets, and progress on the Transport review without it pulling focus from IMI’s main operations.
