AMETEK (AME) Getting Somewhat Positive Press Coverage, Study Shows
News articles about AMETEK (NYSE:AME) have trended somewhat positive on Friday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AMETEK earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.9794173363651 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Top Canada Manager Adds US Industrials in Manulife Stock Fund – BloombergQuint (bloombergquint.com)
- Elizebeth R. Varet Sells 3,000 Shares of AMETEK, Inc. (AME) Stock (americanbankingnews.com)
- AMETEK, Inc. (AME) – Lookout Watch List stock – Wall Street Morning (wallstreetmorning.com)
- Ex-Dividend Reminder: Telephone & Data Systems, Enersys and AMETEK – Nasdaq (nasdaq.com)
- $1.12 Billion in Sales Expected for AMETEK, Inc. (AME) This Quarter (americanbankingnews.com)
AMETEK (NYSE AME) opened at $78.19 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70. AMETEK has a 12-month low of $52.42 and a 12-month high of $79.32. The firm has a market cap of $18,090.37, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.23 and a beta of 1.27.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be given a dividend of $0.14 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. AMETEK’s dividend payout ratio is currently 12.24%.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BMO Capital Markets reiterated a “buy” rating and issued a $88.00 price target on shares of AMETEK in a research report on Friday, January 26th. Zacks Investment Research lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Wells Fargo & Co set a $88.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, KeyCorp upped their price target on shares of AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. AMETEK currently has a consensus rating of “Buy” and a consensus target price of $81.64.
In related news, insider John Wesley Hardin sold 25,965 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $78.50, for a total transaction of $2,038,252.50. Following the sale, the insider now owns 85,663 shares of the company’s stock, valued at $6,724,545.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizebeth R. Varet sold 6,295 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $74.72, for a total transaction of $470,362.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,604 shares of company stock valued at $5,976,638. 2.10% of the stock is owned by company insiders.
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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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