Media coverage about AMTEK (NYSE:AME) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AMTEK earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.1063715684463 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- See what the IHS Markit Score report has to say about Ametek Inc. (finance.yahoo.com)
- Baker Hughes, a GE company (BHGE) Ex-Dividend Date Scheduled for August 09, 2017 – Nasdaq (nasdaq.com)
- Earnings Review and Free Research Report: Graco’s Quarterly Revenue Jumped 9%; Earnings Surged 57% (finance.yahoo.com)
- Ametek Inc (AME) Moves -0.06% – Sparta Review (spartareview.com)
- AMETEK, Inc. – Value Analysis (NYSE:AME) : August 7, 2017 (finance.yahoo.com)
A number of analysts have recently commented on the company. Oppenheimer Holdings, Inc. lifted their target price on AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. BMO Capital Markets lifted their target price on AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 target price on shares of AMTEK in a research report on Thursday, August 3rd. Finally, BidaskClub cut AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. AMTEK presently has an average rating of “Buy” and a consensus price target of $65.09.
Shares of AMTEK (AME) traded down 1.29% during trading on Thursday, reaching $62.74. The company had a trading volume of 617,973 shares. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 27.53 and a beta of 1.34. AMTEK has a 52-week low of $43.98 and a 52-week high of $64.97. The stock has a 50 day moving average of $61.79 and a 200 day moving average of $57.65.
AMTEK (NYSE:AME) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. AMTEK’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities research analysts forecast that AMTEK will post $2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.57%. AMTEK’s dividend payout ratio (DPR) is 15.79%.
In related news, insider Timothy N. Jones sold 39,955 shares of the stock in a transaction dated 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 sale, the insider now owns 40,025 shares in the company, valued at $2,479,548.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Malone sold 1,190 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $59.65, for a total transaction of $70,983.50. Following the sale, the director now owns 4,300 shares in the company, valued at approximately $256,495. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,560 shares of company stock worth $3,503,683. 2.10% of the stock is owned by company insiders.
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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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