News headlines about AMTEK (NYSE:AME) have trended somewhat positive on Friday, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AMTEK earned a news impact score of 0.21 on Alpha One’s scale. Alpha One also assigned news stories about the technology company an impact score of 68 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected AlphaOne’s scoring:
- AMETEK, Inc. : AME-US: Dividend Analysis : June 16th, 2017 (record date) : By the numbers : June 16, 2017 (finance.yahoo.com)
- Ametek (AME) Position Raised by Montag & Caldwell Llc, Gamble Jones Investment Counsel Maintains Stake in Texas … – BZ Weekly (bzweekly.com)
- Jun 30, 2017 is the day that AMTEK, Inc. (NYSE:AME) shareholders will see dividends of $0.09? – Weekly Register (weeklyregister.com)
- AMTEK, Inc. (AME) Ex-Dividend Date Scheduled for June 14, 2017 – Nasdaq (nasdaq.com)
- Is AMETEK, Inc. (NYSE:AME) Spinning Out Enough Cash? – Geneva Journal (genevajournal.com)
Shares of AMTEK (NYSE:AME) traded up 0.19% during midday trading on Friday, hitting $62.33. 1,464,379 shares of the stock traded hands. The stock has a 50-day moving average of $60.58 and a 200-day moving average of $54.41. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 28.09 and a beta of 1.29. AMTEK has a 52-week low of $43.28 and a 52-week high of $62.86.
AMTEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $961.36 million. AMTEK had a net margin of 13.24% and a return on equity of 16.20%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, equities analysts predict that AMTEK will post $2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, June 14th. AMTEK’s dividend payout ratio (DPR) is currently 16.22%.
A number of brokerages have commented on AME. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Stifel Nicolaus restated a “buy” rating and issued a $69.00 target price (up from $66.00) on shares of AMTEK in a research note on Thursday, June 8th. Royal Bank of Canada restated a “buy” rating and issued a $67.00 target price on shares of AMTEK in a research note on Tuesday, June 6th. Morgan Stanley upped their target price on shares of AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, May 8th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $67.00 target price (up from $65.00) on shares of AMTEK in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.90.
In other news, insider Timothy N. Jones sold 39,955 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $61.95, for a total transaction of $2,475,212.25. Following the completion of the sale, the insider now owns 40,025 shares in the company, valued at approximately $2,479,548.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony James Conti sold 4,756 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $60.42, for a total transaction of $287,357.52. Following the sale, the director now owns 15,124 shares of the company’s stock, valued at approximately $913,792.08. The disclosure for this sale can be found here. Insiders sold 93,956 shares of company stock valued at $5,675,440 in the last 90 days. Company insiders own 2.10% of the company’s stock.
AMTEK 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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