AMETEK, Inc. (NYSE:AME) Receives Consensus Rating of “Moderate Buy” from Brokerages

AMETEK, Inc. (NYSE:AME) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $197.86.

AME has been the subject of a number of research analyst reports. Truist Financial boosted their target price on AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho boosted their price objective on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Finally, Robert W. Baird raised their price objective on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the transaction, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of AMETEK

A number of hedge funds have recently added to or reduced their stakes in AME. Family Firm Inc. bought a new position in shares of AMETEK in the 2nd quarter valued at $39,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK in the 2nd quarter worth about $42,000. Headlands Technologies LLC bought a new position in AMETEK in the first quarter valued at about $43,000. Princeton Global Asset Management LLC acquired a new stake in shares of AMETEK during the third quarter valued at about $44,000. Finally, Crewe Advisors LLC increased its stake in shares of AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Up 0.3 %

AMETEK stock opened at $191.57 on Tuesday. The firm has a market capitalization of $44.31 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 3.11 and a beta of 1.16. The company’s 50 day simple moving average is $170.91 and its 200 day simple moving average is $169.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK has a fifty-two week low of $149.03 and a fifty-two week high of $193.04.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMETEK will post 6.81 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. AMETEK’s payout ratio is 19.51%.

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.