AMETEK (NYSE:AME) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

AMETEK (NYSE:AME) posted its earnings results on Tuesday. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.02, Zacks reports. AMETEK had a net margin of 19.27% and a return on equity of 16.88%.

AMETEK Trading Down 0.1 %

AME opened at $184.44 on Tuesday. The business’s 50-day simple moving average is $185.44 and its 200-day simple moving average is $176.41. The company has a market cap of $42.66 billion, a P/E ratio of 32.13, a PEG ratio of 2.67 and a beta of 1.16. AMETEK has a one year low of $149.03 and a one year high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Mizuho increased their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Finally, TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $203.44.

Insider Activity at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. The trade was a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,200 shares of company stock valued at $5,707,620 over the last ninety days. 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.