AMETEK, Inc. (NYSE:AME) declared a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.58%.
AME stock opened at $96.54 on Friday. AMETEK has a twelve month low of $63.14 and a twelve month high of $97.30. 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 stock has a market cap of $22.00 billion, a P/E ratio of 29.34, a PEG ratio of 2.13 and a beta of 1.20. The business’s 50-day moving average price is $90.22 and its 200-day moving average price is $87.83.
AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. AMETEK had a return on equity of 20.04% and a net margin of 16.63%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that AMETEK will post 4.14 earnings per share for the current fiscal year.
In other AMETEK news, Director Elizebeth R. Varet sold 1,000 shares of AMETEK stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $96.50, for a total value of $96,500.00. Following the sale, the director now owns 89,670 shares of the company’s stock, valued at approximately $8,653,155. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Tony J. Ciampitti sold 9,534 shares of AMETEK stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $97.14, for a total value of $926,132.76. Following the completion of the sale, the insider now directly owns 42,979 shares in the company, valued at approximately $4,174,980.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,560 shares of company stock worth $3,659,482. 0.80% of the stock is owned by insiders.
AME has been the topic of a number of research analyst reports. Royal Bank of Canada set a $95.00 price target on AMETEK and gave the stock a “buy” rating in a report on Wednesday, July 31st. KeyCorp boosted their price target on AMETEK from $94.00 to $100.00 in a report on Wednesday, July 31st. Wolfe Research set a $100.00 price target on AMETEK and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley set a $102.00 price target on AMETEK and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Bank of America cut AMETEK from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $95.00 in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. AMETEK currently has an average rating of “Buy” and an average target price of $97.62.
AMETEK Company Profile
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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