News coverage about AMETEK (NYSE:AME) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AMETEK earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.7089049659607 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Do technicals still doubt? AMETEK, Inc. (AME), ServiceNow, Inc. (NOW) – Market Movers (financialqz.com)
- Guide to Day Traders – AMETEK Inc (NYSE: AME) – Alpha Beta Stock (alphabetastock.com)
- Kellstrom Defense Appointed as Exclusive Distributor for Ametek Thermal Management Systems (newswire.com)
- AMETEK, Inc. (AME) Expected to Post Quarterly Sales of $1.11 Billion (americanbankingnews.com)
- AMETEK, Inc. (AME) Director Sells $470,362.40 in Stock (americanbankingnews.com)
AMETEK (NYSE:AME) traded up $0.25 during midday trading on Friday, hitting $72.30. The stock had a trading volume of 2,040,000 shares, compared to its average volume of 1,290,158. AMETEK has a fifty-two week low of $52.42 and a fifty-two week high of $78.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70. The stock has a market cap of $16,709.76, a price-to-earnings ratio of 27.70, a PEG ratio of 2.07 and a beta of 1.32.
AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. equities research analysts expect that AMETEK will post 3.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, March 15th. This is a positive change from AMETEK’s previous quarterly dividend of $0.09. AMETEK’s payout ratio is currently 12.24%.
A number of research firms recently issued reports on AME. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, February 5th. BMO Capital Markets raised their price objective on AMETEK from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Oppenheimer raised their price objective on AMETEK to $75.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and issued a $92.00 price objective on shares of AMETEK in a report on Thursday, February 1st. Finally, Morgan Stanley raised their price objective on AMETEK from $67.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $80.00.
In other news, VP Thomas M. Montgomery sold 1,800 shares of AMETEK stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the transaction, the vice president now owns 19,947 shares in the company, valued at approximately $1,403,271.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Elizebeth R. Varet sold 6,295 shares of AMETEK stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $74.72, for a total value of $470,362.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,478 shares of company stock worth $3,939,918. Insiders own 2.10% of the company’s stock.
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AMETEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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