Media stories about AMETEK (NYSE:AME) have trended positive on Tuesday, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AMETEK earned a news sentiment score of 0.40 on Alpha One’s scale. Alpha One also gave media headlines about the technology company an impact score of 68 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Alpha One’s scoring:
AMETEK (NYSE:AME) opened at 61.80 on Tuesday. AMETEK has a one year low of $43.28 and a one year high of $62.19. The company’s 50-day moving average is $58.93 and its 200 day moving average is $53.60. The company has a market capitalization of $14.22 billion, a P/E ratio of 27.85 and a beta of 1.11. AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $961.36 million. AMETEK had a net margin of 13.34% and a return on equity of 16.19%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Analysts predict that AMETEK will post $2.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, June 14th. AMETEK’s payout ratio is currently 16.44%. A number of research analysts recently issued reports on AME shares. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, April 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 target price (up from $57.00) on shares of AMETEK in a research note on Wednesday, February 8th. BMO Capital Markets reiterated a “buy” rating and issued a $65.00 target price on shares of AMETEK in a research note on Monday, March 27th. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target (up from $63.00) on shares of AMETEK in a research report on Wednesday, May 3rd. Finally, Atlantic Securities upgraded shares of AMETEK from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $48.00 to $62.00 in a research report on Wednesday, February 15th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.30.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, June 14th. AMETEK’s payout ratio is currently 16.44%. In related news, insider Timothy N. Jones sold 10,000 shares of AMETEK stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $54.20, for a total value of $542,000.00. Following the completion of the sale, the insider now owns 44,139 shares of the company’s stock, valued at approximately $2,392,333.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP William D. Eginton sold 14,598 shares of AMETEK stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $60.00, for a total transaction of $875,880.00. Following the completion of the sale, the vice president now directly owns 54,290 shares of the company’s stock, valued at approximately $3,257,400. The disclosure for this sale can be found here. In the last three months, insiders sold 90,956 shares of company stock valued at $5,487,460. 2.00% of the stock is currently owned by insiders.
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