Media stories about AMETEK (NYSE:AME) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AMETEK earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.6928209994142 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Form 4 AMETEK INC/ For: Mar 16 Filed by: Kohlhagen Steven W (streetinsider.com)
- Army veteran at Abington earns engineering scholarship – Penn State News (news.psu.edu)
- Hot Stock of the Day – AMETEK Inc (NYSE: AME) – Alpha Beta Stock (alphabetastock.com)
- Form 4 AMETEK INC/ For: Mar 16 Filed by: Kohlhagen Steven W – StreetInsider.com (streetinsider.com)
- Top Canada Manager Adds US Industrials in Manulife Stock Fund – BloombergQuint (bloombergquint.com)
AMETEK (AME) traded up $0.72 during trading hours on Friday, hitting $78.68. 1,433,902 shares of the company were exchanged, compared to its average volume of 973,230. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.70 and a quick ratio of 1.22. The stock has a market cap of $18,034.85, a PE ratio of 26.76, a P/E/G ratio of 2.22 and a beta of 1.27. AMETEK has a 1 year low of $52.42 and a 1 year high of $79.32.
AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS. equities analysts predict that AMETEK will post 3.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 15th. This is a positive change from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. AMETEK’s dividend payout ratio is 19.05%.
AME has been the subject of several analyst reports. KeyCorp reissued a “buy” rating and issued a $82.00 price target on shares of AMETEK in a research note on Friday, January 19th. Oppenheimer reaffirmed a “buy” rating and set a $75.00 price objective on shares of AMETEK in a research report on Thursday, December 21st. Cowen reaffirmed a “buy” rating and set a $80.00 price objective on shares of AMETEK in a research report on Friday, December 22nd. Wells Fargo set a $88.00 price objective on shares of AMETEK and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, January 4th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $81.64.
In other AMETEK news, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $78.03, for a total transaction of $234,090.00. Following the sale, the director now directly owns 111,880 shares in the company, valued at approximately $8,729,996.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven W. Kohlhagen sold 5,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $78.31, for a total transaction of $391,550.00. Following the sale, the director now owns 49,298 shares in the company, valued at $3,860,526.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,604 shares of company stock worth $5,976,638. 2.10% of the stock is owned by company insiders.
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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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