AMETEK, Inc. (NYSE:AME) Announces Quarterly Dividend of $0.31

AMETEK, Inc. (NYSE:AME) declared a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.31 per share by the technology company on Monday, March 31st. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. This is an increase from AMETEK’s previous quarterly dividend of $0.28.

AMETEK has increased its dividend by an average of 11.9% annually over the last three years. AMETEK has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AMETEK to earn $7.31 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 15.3%.

AMETEK Stock Performance

Shares of AME stock opened at $184.91 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The business has a fifty day moving average of $184.29 and a 200 day moving average of $176.65. The firm has a market capitalization of $42.77 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. AMETEK has a 1 year low of $149.03 and a 1 year high of $198.33.

AMETEK (NYSE:AME) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.82 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. As a group, research analysts expect that AMETEK will post 6.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the sale, the insider now owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the sale, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AME. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial boosted their price target on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Robert W. Baird decreased their price objective on AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday. KeyCorp raised their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Mizuho upped their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $204.67.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. 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; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.