AMETEK (NYSE:AME – Get Free Report) posted its earnings results on Thursday. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02, Briefing.com reports. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS.
AMETEK Stock Down 4.0 %
AMETEK stock traded down $6.39 during trading hours on Friday, hitting $152.74. The company had a trading volume of 4,082,230 shares, compared to its average volume of 1,213,603. AMETEK has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.66. The firm has a market capitalization of $35.35 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The firm’s fifty day moving average is $168.88 and its 200-day moving average is $172.56.
AMETEK Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, June 14th. AMETEK’s dividend payout ratio is currently 19.68%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on AME
Insider Buying and Selling at AMETEK
In related news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the sale, the director now directly owns 26,249 shares in the company, valued at $4,467,579.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the transaction, the director now owns 26,249 shares in the company, valued at $4,467,579.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total transaction of $250,459.20. Following the completion of the sale, the director now owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.
About AMETEK
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
Featured Stories
- Five stocks we like better than AMETEK
- What to Know About Investing in Penny Stocks
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Using the MarketBeat Dividend Yield Calculator
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.