Analysts Set AMETEK, Inc. (NYSE:AME) Price Target at $186.29

AMETEK, Inc. (NYSE:AME) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $186.29.

A number of equities research analysts recently issued reports on AME shares. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Robert W. Baird decreased their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, TD Cowen lowered their price objective on shares of AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a research report on Monday, August 5th.

AMETEK Stock Up 0.1 %

Shares of NYSE AME opened at $172.06 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $39.83 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.81 and a beta of 1.17. AMETEK has a 52 week low of $136.89 and a 52 week high of $186.32. The business has a 50-day simple moving average of $166.37 and a two-hundred day simple moving average of $171.12.

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

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.65%. AMETEK’s payout ratio is 19.68%.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On AMETEK

Several institutional investors have recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. bought a new position in shares of AMETEK during the first quarter valued at about $37,000. Family Firm Inc. purchased a new stake in AMETEK in the 2nd quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK during the second quarter valued at approximately $42,000. Headlands Technologies LLC bought a new position in shares of AMETEK during the first quarter valued at approximately $43,000. Finally, Crewe Advisors LLC lifted its stake in 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 acquiring an additional 184 shares during the period. 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.