AMETEK (NYSE:AME) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of AMETEK (NYSE:AMEFree Report) from a buy rating to a hold rating in a research note issued to investors on Monday.

A number of other research analysts have also recently weighed in on AME. Bank of America upgraded shares of AMETEK from a “neutral” rating to a “buy” rating and lifted their target price for the company from $195.00 to $225.00 in a research note on Monday. Robert W. Baird boosted their price objective on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Mizuho increased their target price on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, KeyCorp upped their price target on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.50.

Check Out Our Latest Stock Report on AMETEK

AMETEK Stock Up 1.1 %

NYSE AME opened at $189.45 on Monday. AMETEK has a 52 week low of $149.03 and a 52 week high of $198.33. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $43.82 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. The stock’s 50-day moving average price is $183.67 and its 200-day moving average price is $173.27.

AMETEK (NYSE:AMEGet Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS 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 quarter last year, the business earned $1.64 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that AMETEK will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Insider Activity at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the sale, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,660 shares of company stock valued at $5,958,141. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of AMETEK

A number of institutional investors have recently bought and sold shares of AME. Itau Unibanco Holding S.A. lifted its holdings in shares of AMETEK by 62.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Family Firm Inc. purchased a new stake in AMETEK in the 2nd quarter worth about $39,000. Industrial Alliance Investment Management Inc. bought a new stake in AMETEK in the second quarter worth about $42,000. Princeton Global Asset Management LLC purchased a new position in shares of AMETEK during the third quarter valued at approximately $44,000. Finally, Anchor Investment Management LLC grew its stake in shares of AMETEK by 366.1% during the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock valued at $45,000 after buying an additional 205 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Company Profile

(Get Free Report)

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.

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Analyst Recommendations for AMETEK (NYSE:AME)

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