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

Shares of AMETEK, Inc. (NYSE:AME) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $199.29.

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

AMETEK Stock Performance

Shares of AME stock opened at $191.51 on Friday. The firm has a market capitalization of $44.30 billion, a PE ratio of 33.36, a P/E/G ratio of 3.17 and a beta of 1.15. The company has a 50 day moving average price of $180.92 and a 200-day moving average price of $172.33. AMETEK has a 52 week low of $149.03 and a 52 week high of $198.33. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. As a group, equities research analysts expect that AMETEK will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

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

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the sale, the insider now owns 49,490 shares of the company’s stock, valued at $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,958,141 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of AMETEK

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its holdings in shares of AMETEK by 53.9% during the second quarter. CWM LLC now owns 10,594 shares of the technology company’s stock valued at $1,766,000 after acquiring an additional 3,711 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of AMETEK by 1.3% during the second quarter. QRG Capital Management Inc. now owns 11,056 shares of the technology company’s stock worth $1,843,000 after purchasing an additional 146 shares during the period. Opal Wealth Advisors LLC purchased a new stake in AMETEK in the second quarter valued at approximately $132,000. SG Americas Securities LLC increased its holdings in AMETEK by 12.7% in the 2nd quarter. SG Americas Securities LLC now owns 38,422 shares of the technology company’s stock worth $6,405,000 after buying an additional 4,326 shares during the period. Finally, MJP Associates Inc. ADV purchased a new position in AMETEK during the 2nd quarter worth approximately $674,000. Hedge funds and other 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.