News headlines about AMETEK (NYSE:AME) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AMETEK earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.6696727527409 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
- Gretchen W. Mcclain Sells 3,870 Shares of AMETEK, Inc. (AME) Stock (americanbankingnews.com)
- An Introduction to Material Testing – Why is it Important? (azom.com)
- AMETEK, Inc. (AME) VP William Joseph Burke Sells 15,600 Shares (americanbankingnews.com)
- Insider Selling: AMETEK, Inc. (AME) Director Sells 1,500 Shares of Stock (americanbankingnews.com)
Shares of NYSE AME opened at $80.69 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.71 and a quick ratio of 1.19. The firm has a market cap of $18.49 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.27 and a beta of 1.21. AMETEK has a 1-year low of $64.70 and a 1-year high of $80.86.
AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. AMETEK had a return on equity of 16.94% and a net margin of 16.65%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. equities analysts forecast that AMETEK will post 3.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, September 13th. AMETEK’s dividend payout ratio is currently 21.46%.
Several equities research analysts have weighed in on AME shares. ValuEngine upgraded AMETEK from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Morgan Stanley upped their target price on AMETEK from $79.00 to $84.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Zacks Investment Research cut AMETEK from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 target price on shares of AMETEK in a report on Wednesday, August 1st. Finally, Oppenheimer upped their target price on AMETEK from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $86.08.
In other news, Director Elizebeth R. Varet sold 2,000 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $76.70, for a total value of $153,400.00. Following the transaction, the director now directly owns 113,810 shares of the company’s stock, valued at $8,729,227. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $72.07, for a total value of $216,210.00. Following the completion of the transaction, the director now directly owns 113,810 shares in the company, valued at $8,202,286.70. The disclosure for this sale can be found here. Insiders have sold a total of 36,970 shares of company stock worth $2,891,890 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.
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