MKS Instruments, Inc. (NASDAQ:MKSI) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Investors of record on Monday, August 26th will be given a dividend of 0.20 per share by the scientific and technical instruments company on Friday, September 6th. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, August 23rd.
MKS Instruments has increased its dividend payment by an average of 4.9% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. MKS Instruments has a dividend payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Analysts expect MKS Instruments to earn $5.97 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 13.4%.
Shares of NASDAQ:MKSI opened at $73.66 on Friday. The firm has a market capitalization of $4.03 billion, a PE ratio of 9.41, a P/E/G ratio of 1.53 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.80 and a quick ratio of 3.12. The business has a 50-day moving average of $79.58 and a two-hundred day moving average of $83.50. MKS Instruments has a 12 month low of $56.37 and a 12 month high of $103.86.
MKSI has been the subject of a number of recent research reports. Cowen reiterated an “outperform” rating and issued a $120.00 target price (up previously from $115.00) on shares of MKS Instruments in a research note on Tuesday, April 30th. BidaskClub downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Susquehanna Bancshares assumed coverage on MKS Instruments in a report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 price target for the company. Zacks Investment Research downgraded MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price target for the company. in a report on Thursday, July 25th. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $112.11.
In other news, Director Elizabeth Mora sold 400 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $71.93, for a total transaction of $28,772.00. Following the sale, the director now directly owns 16,618 shares in the company, valued at approximately $1,195,332.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $75.82, for a total value of $379,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,003 shares of company stock worth $457,306 over the last quarter. Insiders own 1.24% of the company’s stock.
About MKS Instruments
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
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