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

Shares of AMETEK, Inc. (NYSE:AME) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $197.30.

AME has been the subject of several research reports. Mizuho set a $212.00 price target on shares of AMETEK in a research note on Friday, May 16th. Truist Financial upped their price objective on shares of AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Melius Research raised shares of AMETEK to a “hold” rating in a report on Monday, July 14th. Melius cut shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Monday, July 14th. Finally, Robert W. Baird cut their price target on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th.

Hedge Funds Weigh In On AMETEK

A number of hedge funds have recently made changes to their positions in AME. Vanguard Group Inc. lifted its holdings in shares of AMETEK by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 26,484,263 shares of the technology company’s stock valued at $4,559,001,000 after acquiring an additional 336,491 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of AMETEK by 21.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company’s stock valued at $1,888,385,000 after acquiring an additional 1,908,742 shares in the last quarter. FMR LLC increased its position in shares of AMETEK by 1.1% during the fourth quarter. FMR LLC now owns 8,956,329 shares of the technology company’s stock worth $1,614,468,000 after acquiring an additional 98,546 shares during the last quarter. Capital World Investors lifted its stake in shares of AMETEK by 70.0% in the fourth quarter. Capital World Investors now owns 5,760,017 shares of the technology company’s stock worth $1,038,301,000 after acquiring an additional 2,371,062 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of AMETEK by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 5,747,368 shares of the technology company’s stock worth $989,352,000 after acquiring an additional 154,682 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

NYSE:AME opened at $178.55 on Friday. The stock has a market capitalization of $41.22 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. AMETEK has a 52 week low of $145.02 and a 52 week high of $198.33. The stock’s 50-day moving average price is $179.43 and its 200-day moving average price is $176.88. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last released its earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. AMETEK had a net margin of 20.43% and a return on equity of 16.75%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $1.64 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, equities analysts expect that AMETEK will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. AMETEK’s dividend payout ratio (DPR) is presently 20.29%.

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.