AMETEK, Inc. (NYSE:AME – Get Free Report) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, March 16th will be given a dividend of 0.34 per share by the technology company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 16th. This is a 9.7% increase from AMETEK’s previous quarterly dividend of $0.31.
AMETEK has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. AMETEK has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AMETEK to earn $7.73 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 16.0%.
AMETEK Price Performance
AMETEK stock opened at $229.76 on Friday. The stock’s 50 day moving average price is $214.39 and its two-hundred day moving average price is $197.49. The stock has a market capitalization of $52.89 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 3.26 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 1.06. AMETEK has a 52-week low of $145.02 and a 52-week high of $239.94.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Mizuho set a $235.00 price objective on AMETEK in a research report on Wednesday, February 4th. Oppenheimer cut shares of AMETEK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 27th. KeyCorp boosted their price objective on shares of AMETEK from $235.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of AMETEK in a research report on Tuesday, February 3rd. Finally, Truist Financial set a $265.00 target price on shares of AMETEK in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.00.
Get Our Latest Stock Analysis on AME
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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