AMETEK Declares Quarterly Dividend Ahead of Ex-Dividend Date

AMETEK, Inc. (NYSE: AME) announced a quarterly dividend of $0.31 per share on November 7, 2023. The technology company will distribute this dividend to investors of record on December 5, 2023, with payments scheduled for December 19, 2023. This dividend reflects an annualized yield of approximately 0.6% and demonstrates AMETEK’s ongoing commitment to returning value to shareholders.

Over the past three years, AMETEK has increased its dividend by an average of 0.1% annually, maintaining a consistent record of annual increases for the last six consecutive years. The company’s dividend payout ratio stands at 16.3%, indicating that its dividend is well-supported by earnings. Analysts project that AMETEK will earn $7.73 per share in the next fiscal year, which suggests that it will continue to comfortably cover its annual dividend of $1.24 with an anticipated payout ratio of 16.0%.

Recent Trading Activity

As of December 1, 2023, AMETEK’s stock opened at $196.23, experiencing a slight decline of 0.5%. The company’s market capitalization is currently valued at $45.17 billion, with a price-to-earnings (P/E) ratio of 31.60 and a price-to-earnings growth (P/E/G) ratio of 2.64. AMETEK’s stock has demonstrated volatility, with a twelve-month low of $145.02 and a high of $204.15. The 50-day simple moving average stands at $187.88, while the 200-day average is at $182.13.

Insider Transactions and Institutional Activity

In related news, insider Ronald J. Oscher sold 26,290 shares of AMETEK on October 31, 2023, at an average price of $200.05, totaling approximately $5.26 million. Following this transaction, Oscher retains 40,226 shares valued at around $8.05 million, marking a 39.52% reduction in his holdings. This transaction has been disclosed in filings with the Securities and Exchange Commission.

Several institutional investors have recently adjusted their positions in AMETEK. Biltmore Wealth Management LLC increased its holdings by 1.1% in the third quarter, now owning 4,771 shares valued at $897,000. Likewise, Alps Advisors Inc. raised its stake by 1.0%, acquiring an additional 60 shares to reach a total of 6,260 shares valued at $1.08 million.

HighPoint Advisor Group LLC and Baker Tilly Wealth Management LLC also reported increases in their stakes during the third quarter, owning 2,070 shares valued at $389,000 and 1,663 shares valued at $313,000, respectively. Institutional investors now hold 87.43% of AMETEK’s stock, reflecting strong confidence in the company’s performance and future prospects.

AMETEK, Inc. is a leading manufacturer of electronic instruments and electromechanical devices, serving various markets across North America, Europe, Asia, and South America. The company specializes in providing advanced instruments for industries including aerospace, power, oil and gas, pharmaceuticals, and more. With a diverse product portfolio, AMETEK continues to position itself as a key player in the global technology sector.