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

AMETEK, Inc. (NYSE:AME) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $202.50.

AME has been the topic of several recent analyst reports. Bank of America raised AMETEK from a “neutral” rating to a “buy” rating and increased their price objective for the company from $195.00 to $225.00 in a research report on Monday, December 16th. Wolfe Research raised shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Robert W. Baird boosted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, November 4th. KeyCorp raised their target price on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Truist Financial boosted their target price on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were 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 $9,750,024.90. This trade represents a 24.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This trade represents 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 company insiders.

Institutional Trading of AMETEK

A number of 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 worth about $3,724,000. BNP Paribas Financial Markets raised its holdings in shares of AMETEK by 23.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock worth $61,099,000 after acquiring an additional 67,025 shares in the last quarter. Sawgrass Asset Management LLC boosted its position in shares of AMETEK by 36.5% during the 3rd quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company’s stock valued at $12,837,000 after acquiring an additional 20,001 shares during the last quarter. Taurus Asset Management LLC grew its holdings in shares of AMETEK by 2.9% in the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock valued at $19,752,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Dudley & Shanley Inc. raised its stake in AMETEK by 11.3% during the third quarter. Dudley & Shanley Inc. now owns 139,434 shares of the technology company’s stock valued at $23,942,000 after purchasing an additional 14,105 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Down 0.4 %

Shares of AMETEK stock opened at $178.68 on Wednesday. The company has a 50-day simple moving average of $187.83 and a two-hundred day simple moving average of $174.60. The stock has a market capitalization of $41.33 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 3.08 and a beta of 1.16. AMETEK has a 52-week low of $149.03 and a 52-week high of $198.33. 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 (NYSE:AME) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business earned $1.64 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts anticipate that AMETEK will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio is currently 19.51%.

About AMETEK

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.