AMETEK, Inc. (NYSE:AME) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of AMETEK, Inc. (NYSE:AME) have been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $199.29.

Several research analysts recently weighed in on the stock. Mizuho upped their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted their price target on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. Robert W. Baird raised their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Wednesday.

AMETEK Trading Down 1.1 %

Shares of NYSE:AME opened at $191.51 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK has a 12-month low of $149.03 and a 12-month high of $198.33. The business has a 50 day moving average of $180.92 and a two-hundred day moving average of $172.33. The company has a market capitalization of $44.30 billion, a PE ratio of 33.36, a PEG ratio of 3.17 and a beta of 1.15.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating 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 analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts forecast that AMETEK will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Insider Buying and Selling at AMETEK

In related news, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 49,490 shares in the company, valued at $9,750,024.90. This trade represents a 24.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock valued at $5,958,141 over the last 90 days. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On AMETEK

A number of large investors have recently modified their holdings of AME. State Street Corp raised its holdings in AMETEK by 0.3% during the third quarter. State Street Corp now owns 9,220,376 shares of the technology company’s stock worth $1,583,231,000 after purchasing an additional 24,072 shares in the last quarter. Geode Capital Management LLC lifted its stake in AMETEK by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company’s stock valued at $924,308,000 after buying an additional 45,459 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AMETEK by 34.6% in the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after acquiring an additional 926,657 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of AMETEK by 87.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock valued at $337,279,000 after acquiring an additional 918,737 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in AMETEK by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock valued at $313,777,000 after purchasing an additional 148,447 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.