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

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

A number of equities analysts have recently issued reports on AME shares. Truist Financial raised their price objective on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America upgraded shares of AMETEK from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th.

AMETEK Trading Up 0.7 %

Shares of AME opened at $179.57 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK has a 52-week low of $149.03 and a 52-week high of $198.33. The firm has a market cap of $41.54 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 3.08 and a beta of 1.15. The business’s fifty day moving average is $187.13 and its 200-day moving average is $174.33.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (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 analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. During the same quarter in the previous year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts anticipate that AMETEK will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. AMETEK’s dividend payout ratio is 19.51%.

Insider Buying and Selling

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, the insider now directly owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the transaction, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,200 shares of company stock worth $5,707,620 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On AMETEK

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas purchased a new stake in shares of AMETEK in the third quarter valued at about $3,724,000. BNP Paribas Financial Markets grew its position in AMETEK by 23.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock worth $61,099,000 after purchasing an additional 67,025 shares in the last quarter. Sawgrass Asset Management LLC increased its stake in AMETEK by 36.5% in the 3rd quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company’s stock valued at $12,837,000 after buying an additional 20,001 shares during the last quarter. Taurus Asset Management LLC lifted its position in shares of AMETEK by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock worth $19,752,000 after buying an additional 3,210 shares in the last quarter. Finally, Dudley & Shanley Inc. boosted its stake in shares of AMETEK by 11.3% in the 3rd quarter. Dudley & Shanley Inc. now owns 139,434 shares of the technology company’s stock worth $23,942,000 after buying an additional 14,105 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other 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.