AMETEK (AME) Given Daily Media Impact Rating of 0.18

News articles about AMETEK (NYSE:AME) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AMETEK earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.6695644027815 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Shares of AME traded down $0.49 on Thursday, reaching $74.84. 887,300 shares of the stock traded hands, compared to its average volume of 1,284,629. The stock has a market cap of $17.51 billion, a PE ratio of 28.67, a P/E/G ratio of 2.42 and a beta of 1.26. The company has a current ratio of 1.69, a quick ratio of 1.18 and a debt-to-equity ratio of 0.45. AMETEK has a 12 month low of $59.56 and a 12 month high of $79.32.

AMETEK (NYSE:AME) last released its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. AMETEK had a return on equity of 16.64% and a net margin of 16.21%. AMETEK’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. equities analysts forecast that AMETEK will post 3.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 14th. AMETEK’s dividend payout ratio is 21.46%.

Several brokerages have commented on AME. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, May 22nd. Morgan Stanley boosted their price objective on AMETEK from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday, May 3rd. DA Davidson began coverage on AMETEK in a research report on Thursday, April 12th. They set a “buy” rating and a $85.00 price objective on the stock. BMO Capital Markets boosted their price objective on AMETEK from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, May 3rd. Finally, ValuEngine upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. AMETEK presently has an average rating of “Buy” and a consensus target price of $82.17.

In related news, Director Elizebeth R. Varet sold 2,000 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $75.56, for a total value of $151,120.00. Following the sale, the director now owns 113,810 shares of the company’s stock, valued at approximately $8,599,483.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

AMETEK Company Profile

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.

Insider Buying and Selling by Quarter for AMETEK (NYSE:AME)

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