Brokerages Set AMETEK, Inc. (NYSE:AME) Price Target at $179.80

Shares of AMETEK, Inc. (NYSE:AME) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $181.64.

Several equities analysts recently commented on the stock. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research report on Wednesday. KeyCorp raised their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Robert W. Baird dropped their price objective on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Truist Financial began coverage on shares of AMETEK in a research note on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Monday, May 13th.

AMETEK Stock Performance

Shares of AMETEK stock opened at $172.72 on Tuesday. The company has a market capitalization of $39.98 billion, a PE ratio of 30.36, a P/E/G ratio of 2.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 1.11. The company has a 50-day simple moving average of $176.62 and a two-hundred day simple moving average of $168.72. AMETEK has a one year low of $136.89 and a one year high of $186.32.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. Research analysts expect that AMETEK will post 6.83 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 0.65%. AMETEK’s dividend payout ratio (DPR) is currently 19.68%.

Insider Buying and Selling at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,891 shares of AMETEK stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the transaction, the vice president now directly owns 21,543 shares of the company’s stock, valued at approximately $3,993,641.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO William Joseph Burke sold 27,400 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the transaction, the chief financial officer now directly owns 106,512 shares of the company’s stock, valued at $19,710,045.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas M. Montgomery sold 6,891 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the transaction, the vice president now directly owns 21,543 shares of the company’s stock, valued at $3,993,641.34. The disclosure for this sale can be found here. Insiders sold a total of 37,941 shares of company stock valued at $6,992,804 in the last three months. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AMETEK

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake in AMETEK by 6.0% in the third quarter. California Public Employees Retirement System now owns 551,172 shares of the technology company’s stock valued at $81,441,000 after buying an additional 31,266 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in AMETEK by 6.1% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 56,531 shares of the technology company’s stock valued at $8,353,000 after purchasing an additional 3,231 shares during the last quarter. Corient Private Wealth LLC grew its holdings in AMETEK by 1.1% in the third quarter. Corient Private Wealth LLC now owns 108,309 shares of the technology company’s stock valued at $16,005,000 after purchasing an additional 1,144 shares during the last quarter. Signaturefd LLC boosted its stake in shares of AMETEK by 4.5% during the third quarter. Signaturefd LLC now owns 4,939 shares of the technology company’s stock valued at $730,000 after acquiring an additional 214 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in shares of AMETEK during the third quarter valued at $287,000. 87.43% of the stock is owned by institutional investors and hedge funds.

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.