MKS Inc. (NASDAQ:MKSI – Get Free Report) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Tuesday, August 25th will be given a dividend of 0.25 per share by the scientific and technical instruments company on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 25th.
MKS has increased its dividend payment by an average of 0.0%annually over the last three years. MKS has a payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MKS to earn $17.18 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.8%.
MKS Stock Performance
Shares of NASDAQ MKSI opened at $279.11 on Friday. The firm’s 50-day moving average price is $341.95 and its 200-day moving average price is $294.25. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.85. The company has a market cap of $18.87 billion, a PE ratio of 44.52, a PEG ratio of 0.59 and a beta of 1.98. MKS has a 52-week low of $97.50 and a 52-week high of $447.62.
Insider Activity at MKS
In other MKS news, Director Joseph B. Donahue sold 2,100 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $327.95, for a total value of $688,695.00. Following the transaction, the director directly owned 10,033 shares in the company, valued at approximately $3,290,322.35. This trade represents a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michelle M. Mccarthy sold 2,434 shares of MKS stock in a transaction on Friday, June 5th. The stock was sold at an average price of $315.23, for a total transaction of $767,269.82. Following the transaction, the chief accounting officer owned 2 shares in the company, valued at $630.46. This represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 37,491 shares of company stock valued at $12,102,072 in the last three months. Corporate insiders own 0.57% of the company’s stock.
Institutional Investors Weigh In On MKS
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. bought a new stake in MKS during the second quarter valued at about $25,000. Global Retirement Partners LLC increased its position in MKS by 560.0% in the fourth quarter. Global Retirement Partners LLC now owns 165 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. IFP Advisors Inc raised its stake in shares of MKS by 616.7% in the fourth quarter. IFP Advisors Inc now owns 172 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 148 shares during the period. Allied Private Wealth LLC bought a new position in shares of MKS in the second quarter worth about $33,000. Finally, Clearstead Trust LLC purchased a new position in shares of MKS during the 2nd quarter valued at about $36,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
MKS Company Profile
MKS Instruments, Inc (NASDAQ: MKSI) designs, manufactures and markets technology solutions that enable advanced processes in a variety of high‐technology and industrial markets. The company’s core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.
The company’s product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.
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