AMETEK (AME) Earns Coverage Optimism Score of 0.15
News coverage about AMETEK (NYSE:AME) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing 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 nearest to one being the most favorable. AMETEK earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.2825216396489 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.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Global Refractometers Market 2018-2022 – Key Vendors are KRSS Optronic, Ametek, Atago, Mettler Toledo, Misco Refractometer & Thermo Fisher Scientific (bizjournals.com)
- Folding Carton Packaging Market Analysis by 2025: Top Players Like Shimpo, Sauter, Mecmesin, Extech, Shigan, Sundoo, Alluris (sbwire.com)
- Medical Grade Titanium Materials market will generate massive revenue in future just published Report and Forecast to 2022 (emailwire.com)
- Material Tesing Machines Market Trends by 2025: Top Players Like Ametek, ADMET, Mitutoyo, Shimadzu, Zwick Roell, Instron, Struers (sbwire.com)
- Current Update on Price Fluctuations: Sonos, Inc. (SONO), AMETEK, Inc. (AME) (talktraders.com)
NYSE AME opened at $76.31 on Friday. The firm has a market cap of $17.60 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. AMETEK has a one year low of $61.77 and a one year high of $79.32. The company has a current ratio of 1.71, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, September 13th. AMETEK’s dividend payout ratio is currently 21.46%.
A number of equities analysts have issued reports on AME shares. BMO Capital Markets lifted their price objective on shares of AMETEK from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, May 3rd. Morgan Stanley lifted their price objective on shares of AMETEK from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, May 3rd. Zacks Investment Research downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Monday, May 14th. ValuEngine downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price objective on shares of AMETEK in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. AMETEK currently has an average rating of “Buy” and an average target price of $86.08.
In other AMETEK news, Director Elizebeth R. Varet sold 2,000 shares of AMETEK stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $75.56, for a total transaction of $151,120.00. Following the completion of the transaction, the director now owns 113,810 shares of the company’s stock, valued at approximately $8,599,483.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of AMETEK stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $76.95, for a total value of $230,850.00. Following the transaction, the director now directly owns 113,810 shares of the company’s stock, valued at approximately $8,757,679.50. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $905,480 over the last 90 days. 2.00% of the stock is currently owned by company insiders.
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.
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