MKS Instruments, Inc. (NASDAQ:MKSI) announced 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 1.02%. The ex-dividend date of this dividend is Friday, August 23rd.
MKS Instruments has raised 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. Equities 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 $78.05 on Thursday. The business’s 50 day simple moving average is $79.35 and its two-hundred day simple moving average is $83.32. The firm has a market cap of $4.24 billion, a P/E ratio of 9.97, a PEG ratio of 1.61 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.12 and a current ratio of 4.80. MKS Instruments has a 52-week low of $56.37 and a 52-week high of $103.86.
MKSI has been the topic of a number of recent research reports. Zacks Investment Research lowered MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 target price on the stock. in a report on Thursday, July 25th. BidaskClub upgraded MKS Instruments from a “sell” rating to a “hold” rating in a report on Wednesday. Cowen restated an “outperform” rating and issued a $120.00 target price (up previously from $115.00) on shares of MKS Instruments in a report on Tuesday, April 30th. Susquehanna Bancshares began coverage on MKS Instruments in a report on Wednesday, May 15th. They issued a “positive” rating and a $123.00 target price on the stock. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $112.11.
In related news, Director Jacqueline F. Moloney sold 603 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $81.98, for a total transaction of $49,433.94. Following the completion of the sale, the director now directly owns 7,692 shares of the company’s stock, valued at $630,590.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth Mora sold 400 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $71.93, for a total value of $28,772.00. Following the sale, the director now directly owns 16,618 shares of the company’s stock, valued at $1,195,332.74. The disclosure for this sale can be found here. Insiders have sold 6,003 shares of company stock valued at $457,306 over the last ninety days. 1.24% of the stock is currently owned by company insiders.
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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