Q3 2024 EPS Estimates for AMETEK, Inc. (NYSE:AME) Decreased by Seaport Res Ptn

AMETEK, Inc. (NYSE:AME) – Equities research analysts at Seaport Res Ptn dropped their Q3 2024 EPS estimates for AMETEK in a research report issued on Monday, June 17th. Seaport Res Ptn analyst S. Graham now expects that the technology company will post earnings per share of $1.77 for the quarter, down from their previous forecast of $1.80. The consensus estimate for AMETEK’s current full-year earnings is $6.83 per share. Seaport Res Ptn also issued estimates for AMETEK’s Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.78 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $1.97 EPS, Q4 2025 earnings at $2.01 EPS and FY2025 earnings at $7.60 EPS.

A number of other equities analysts have also recently issued reports on the stock. KeyCorp lifted their target price 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. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Robert W. Baird lowered their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, May 22nd. Finally, Truist Financial started coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.80.

AMETEK Stock Performance

Shares of AME opened at $168.49 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. The stock has a market cap of $39.00 billion, a P/E ratio of 29.61, a PEG ratio of 2.67 and a beta of 1.20. The company has a 50-day moving average of $172.48 and a two-hundred day moving average of $171.04. AMETEK has a 12-month low of $136.89 and a 12-month high of $186.32.

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

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, June 14th. AMETEK’s dividend payout ratio is presently 19.68%.

Insider Activity at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Thomas M. Montgomery sold 6,891 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.38, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,470 shares of AMETEK stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now directly owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,981 shares of company stock worth $6,990,437. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMETEK

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in AMETEK by 7.3% in the first quarter. EverSource Wealth Advisors LLC now owns 899 shares of the technology company’s stock valued at $157,000 after purchasing an additional 61 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in AMETEK by 6.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,040 shares of the technology company’s stock valued at $191,000 after acquiring an additional 64 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in AMETEK by 1.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,477 shares of the technology company’s stock valued at $636,000 after acquiring an additional 64 shares during the last quarter. M&T Bank Corp raised its position in shares of AMETEK by 0.5% in the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock valued at $2,547,000 after purchasing an additional 73 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of AMETEK by 4.4% in the first quarter. Avantax Advisory Services Inc. now owns 1,723 shares of the technology company’s stock valued at $315,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.