MKS Instruments, Inc. (NASDAQ:MKSI) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.20 per share by the scientific and technical instruments company on Friday, September 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, August 23rd.
MKS Instruments has raised its dividend payment by an average of 4.9% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. MKS Instruments has a payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Analysts expect MKS Instruments to earn $5.97 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 13.4%.
Shares of NASDAQ MKSI opened at $77.24 on Wednesday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.58 and a beta of 1.44. The company has a 50-day moving average price of $79.40 and a 200-day moving average price of $83.35. MKS Instruments has a 1 year low of $56.37 and a 1 year high of $103.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.80 and a quick ratio of 3.12.
In related news, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $75.82, for a total transaction of $379,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jacqueline F. Moloney sold 603 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $81.98, for a total transaction of $49,433.94. Following the transaction, the director now directly owns 7,692 shares in the company, valued at $630,590.16. The disclosure for this sale can be found here. Insiders have sold 6,003 shares of company stock worth $457,306 over the last three months. 1.24% of the stock is owned by insiders.
A number of research analysts have recently issued reports on MKSI shares. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Zacks Investment Research cut shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price objective for the company. in a report on Thursday, July 25th. Cowen reiterated an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. Susquehanna Bancshares assumed coverage on shares of MKS Instruments in a report on Wednesday, May 15th. They set a “positive” rating and a $123.00 price objective for the company. Finally, BidaskClub raised shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. MKS Instruments currently has an average rating of “Buy” and an average target price of $112.11.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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