AMTEK (AME) Receives Daily Coverage Optimism Rating of 0.10
Media stories about AMTEK (NYSE:AME) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AMTEK earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.2577748758526 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Insider Selling: AMTEK, Inc. (AME) Director Sells 3,000 Shares of Stock (americanbankingnews.com)
- Ametek Inc (AME) Shares Moving On Volume – Sparta Review (spartareview.com)
- AMTEK, Inc. (NYSE:AME) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- AMTEK, Inc. (NYSE:AME) Expected to Post Quarterly Sales of $1.04 Billion (americanbankingnews.com)
- How AMETEK (AME) Stock Stands Out in a Strong Industry (finance.yahoo.com)
Several research firms have weighed in on AME. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, June 21st. BidaskClub downgraded shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada restated a “buy” rating and set a $67.00 price objective on shares of AMTEK in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective (up from $63.00) on shares of AMTEK in a research report on Wednesday, May 3rd. Finally, Morgan Stanley raised their price objective on shares of AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. AMTEK currently has an average rating of “Buy” and an average price target of $65.09.
Shares of AMTEK (NYSE AME) traded down 0.02% during mid-day trading on Tuesday, reaching $63.11. 536,945 shares of the company’s stock were exchanged. AMTEK has a 1-year low of $43.98 and a 1-year high of $64.97. The company’s 50 day moving average is $62.00 and its 200 day moving average is $57.99. The stock has a market capitalization of $14.57 billion, a PE ratio of 27.69 and a beta of 1.34.
AMTEK (NYSE:AME) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. Equities research analysts anticipate that AMTEK will post $2.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 14th. AMTEK’s dividend payout ratio (DPR) is 15.79%.
In related news, insider Ronald J. Oscher sold 5,315 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $60.05, for a total transaction of $319,165.75. Following the completion of the sale, the insider now directly owns 32,131 shares in the company, valued at $1,929,466.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total transaction of $189,720.00. Following the sale, the director now owns 117,880 shares of the company’s stock, valued at $7,454,731.20. The disclosure for this sale can be found here. Insiders sold 58,370 shares of company stock valued at $3,622,419 over the last quarter. Company insiders own 2.10% of the company’s stock.
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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