AMETEK, Inc. (AME) To Go Ex-Dividend on March 7th

AMETEK, Inc. (NYSE:AMEGet Free Report) announced a quarterly dividend on Friday, February 9th, RTT News reports. Shareholders of record on Friday, March 8th will be given a dividend of 0.28 per share by the technology company on Thursday, March 28th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, March 7th. This is an increase from AMETEK’s previous quarterly dividend of $0.25.

AMETEK has increased its dividend by an average of 11.6% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. AMETEK has a payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Analysts expect AMETEK to earn $7.41 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.5%.

AMETEK Price Performance

AME opened at $168.50 on Friday. AMETEK has a 52-week low of $131.52 and a 52-week high of $168.63. The company has a 50 day moving average of $162.94 and a two-hundred day moving average of $156.04. The company has a market cap of $38.89 billion, a P/E ratio of 29.72, a P/E/G ratio of 2.65 and a beta of 1.21. The company has a quick ratio of 1.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.22.

AMETEK (NYSE:AMEGet Free Report) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that AMETEK will post 6.84 earnings per share for the current year.

Analysts Set New Price Targets

AME has been the subject of a number of recent research reports. downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen downgraded AMETEK from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $165.00 to $160.00 in a research note on Monday, November 27th. KeyCorp raised their target price on AMETEK from $176.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Royal Bank of Canada lowered their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.25.

View Our Latest Analysis on AME

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 810 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $155.09, for a total value of $125,622.90. Following the completion of the transaction, the director now owns 29,454 shares in the company, valued at approximately $4,568,020.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Corton Capital Inc. acquired a new position in AMETEK during the first quarter valued at approximately $205,000. State of Wyoming lifted its position in AMETEK by 76.2% during the 4th quarter. State of Wyoming now owns 1,147 shares of the technology company’s stock worth $160,000 after acquiring an additional 496 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of AMETEK in the first quarter valued at about $91,000. Parkside Financial Bank & Trust boosted its stake in AMETEK by 31.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 439 shares of the technology company’s stock valued at $59,000 after purchasing an additional 105 shares during the period. Finally, KB Financial Partners LLC bought a new position in AMETEK in the 1st quarter worth approximately $57,000. 85.70% of the stock is owned by institutional investors and hedge funds.


(Get Free Report)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical 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.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.

See Also

Dividend History for AMETEK (NYSE:AME)

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