Analysts Set AMETEK, Inc. (NYSE:AME) Price Target at $197.86

AMETEK, Inc. (NYSE:AME) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $197.86.

Several brokerages have commented on AME. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reduced their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction that occurred 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 directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the sale, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Trading of AMETEK

Several hedge funds have recently made changes to their positions in the business. Czech National Bank boosted its stake in AMETEK by 8.6% during the second quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock worth $7,353,000 after buying an additional 3,499 shares during the period. CWM LLC boosted its position 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 buying an additional 3,711 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of AMETEK by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company’s stock valued at $47,312,000 after buying an additional 8,189 shares during the last quarter. Swedbank AB bought a new position in shares of AMETEK in the first quarter worth about $3,833,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in AMETEK by 129.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,470 shares of the technology company’s stock worth $1,732,000 after buying an additional 5,349 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Trading Down 0.8 %

Shares of AME stock opened at $193.85 on Tuesday. The business has a 50-day moving average price of $172.43 and a two-hundred day moving average price of $169.55. AMETEK has a 12-month low of $149.03 and a 12-month high of $196.70. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The firm has a market cap of $44.84 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 3.17 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm earned $1.64 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts anticipate that AMETEK will post 6.81 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.28 dividend. 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 dividend payout ratio (DPR) is 19.51%.

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.