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

AMETEK, Inc. (NYSE:AME) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $186.29.

Several research firms have recently commented on AME. Royal Bank of Canada cut their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Wednesday, May 22nd. Truist Financial cut their target price on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Robert W. Baird lowered their price target on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

AMETEK Stock Performance

Shares of AME opened at $171.05 on Thursday. The stock has a market capitalization of $39.60 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.81 and a beta of 1.18. AMETEK has a 12 month low of $136.89 and a 12 month high of $186.32. The firm has a fifty day simple moving average of $166.38 and a 200 day simple moving average of $172.32. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company earned $1.57 EPS. AMETEK’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts forecast that AMETEK will post 6.77 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.68%.

Insider Transactions at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total value of $250,459.20. Following the transaction, the director now directly owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMETEK

Institutional investors have recently modified their holdings of the business. Washington Trust Advisors Inc. bought a new stake in AMETEK in the 1st quarter valued at about $37,000. Family Firm Inc. acquired a new position in AMETEK in the 2nd quarter valued at $39,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of AMETEK during the 2nd quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in shares of AMETEK during the 1st quarter worth $43,000. Finally, Crewe Advisors LLC increased its position in shares of AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares during the period. Institutional investors own 87.43% of the company’s stock.

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.