AMETEK, Inc. (NYSE:AME) Receives $202.50 Consensus Price Target from Analysts

Shares of AMETEK, Inc. (NYSE:AME) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $202.50.

Several research analysts have weighed in on AME shares. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Truist Financial raised their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Bank of America upgraded shares of AMETEK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st.

AMETEK Trading Up 0.7 %

Shares of NYSE AME opened at $179.57 on Wednesday. The firm has a market capitalization of $41.54 billion, a PE ratio of 31.28, a PEG ratio of 3.08 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 current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $187.38 and a two-hundred day moving average price of $174.45.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. As a group, analysts predict that AMETEK will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

Insider Transactions at AMETEK

In other news, insider David F. Hermance sold 6,243 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now owns 36,731 shares in the company, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the sale, the insider now owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,200 shares of company stock worth $5,707,620 over the last three months. 0.61% of the stock is currently owned by insiders.

Institutional Trading of AMETEK

Institutional investors and hedge funds have recently modified their holdings of the company. EdgePoint Investment Group Inc. increased its holdings in AMETEK by 87.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock valued at $337,279,000 after buying an additional 918,737 shares during the period. Meridiem Investment Management Ltd. acquired a new stake in shares of AMETEK during the 3rd quarter valued at about $130,579,000. Principal Financial Group Inc. increased its stake in AMETEK by 72.0% in the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after acquiring an additional 703,501 shares during the period. D1 Capital Partners L.P. bought a new position in AMETEK during the third quarter worth about $79,782,000. Finally, James Hambro & Partners LLP bought a new position in AMETEK during the third quarter worth about $60,188,000. 87.43% of the stock is currently owned by institutional investors.

AMETEK Company Profile

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.