AMETEK, Inc. (NYSE:AME) declared a quarterly dividend on Friday, November 8th, RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 0.14 per share by the technology company on Friday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, December 5th.
Shares of AMETEK stock opened at $97.54 on Tuesday. AMETEK has a twelve month low of $63.14 and a twelve month high of $99.74. The company has a quick ratio of 1.48, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $94.33 and a two-hundred day simple moving average of $89.17. The stock has a market capitalization of $22.63 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23.
AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. AMETEK had a net margin of 16.63% and a return on equity of 20.04%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that AMETEK will post 4.14 earnings per share for the current fiscal year.
AME has been the topic of a number of recent research reports. Rosenblatt Securities began coverage on AMETEK in a research note on Thursday, November 7th. They set a “buy” rating and a $115.00 price objective on the stock. Bank of America cut AMETEK from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $95.00 in a report on Friday, October 11th. Morgan Stanley set a $102.00 target price on AMETEK and gave the stock a “buy” rating in a report on Friday, November 1st. ValuEngine upgraded AMETEK from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, KeyCorp raised their price target on AMETEK from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $100.29.
In other news, CFO William Joseph Burke sold 12,510 shares of AMETEK stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $98.51, for a total value of $1,232,360.10. Following the completion of the transaction, the chief financial officer now directly owns 81,526 shares of the company’s stock, valued at approximately $8,031,126.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas C. Marecic sold 13,990 shares of AMETEK stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $95.02, for a total value of $1,329,329.80. Following the completion of the transaction, the insider now directly owns 36,014 shares of the company’s stock, valued at $3,422,050.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,070 shares of company stock worth $4,745,902. 0.80% of the stock is owned by company insiders.
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.
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