AMETEK (AME) – Investment Analysts’ Weekly Ratings Changes

Posted by Paula Ricardo on Nov 25th, 2024

AMETEK (NYSE: AME) recently received a number of ratings updates from brokerages and research firms:

11/22/2024 – AMETEK had its price target raised by analysts at KeyCorp from $205.00 to $215.00. They now have an “overweight” rating on the stock.
11/15/2024 – AMETEK was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
11/4/2024 – AMETEK had its price target raised by analysts at Robert W. Baird from $166.00 to $186.00. They now have a “neutral” rating on the stock.
11/4/2024 – AMETEK was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
11/1/2024 – AMETEK had its price target raised by analysts at Mizuho from $190.00 to $200.00. They now have an “outperform” rating on the stock.
11/1/2024 – AMETEK had its price target raised by analysts at Truist Financial Co. from $219.00 to $221.00. They now have a “buy” rating on the stock.
10/17/2024 – AMETEK had its price target raised by analysts at Mizuho from $180.00 to $190.00. They now have an “outperform” rating on the stock.
10/9/2024 – AMETEK had its price target raised by analysts at Truist Financial Co. from $201.00 to $219.00. They now have a “buy” rating on the stock.
10/7/2024 – AMETEK was downgraded by analysts at TD Cowen from a “hold” rating to a “sell” rating.

AMETEK Stock Up 0.1 %

Shares of NYSE AME traded up $0.12 during midday trading on Monday, hitting $197.50. The stock had a trading volume of 143,335 shares, compared to its average volume of 1,149,390. The company has a market cap of $45.68 billion, a P/E ratio of 34.41, a PEG ratio of 3.22 and a beta of 1.16. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.05. 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 business’s 50 day moving average is $176.46 and its 200-day moving average is $170.72.

AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business earned $1.64 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts predict that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insiders Place Their Bets

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’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 value of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Institutional Trading of AMETEK

Institutional investors have recently bought and sold shares of the stock. Interval Partners LP acquired a new position in AMETEK during the first quarter valued at $15,044,000. B. Riley Wealth Advisors Inc. grew its holdings in AMETEK by 42.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $351,000 after acquiring an additional 573 shares during the period. Tidal Investments LLC lifted its holdings in AMETEK by 15.1% in the first quarter. Tidal Investments LLC now owns 4,930 shares of the technology company’s stock valued at $902,000 after acquiring an additional 646 shares during the period. Comerica Bank boosted its holdings in AMETEK by 0.4% during the first quarter. Comerica Bank now owns 74,825 shares of the technology company’s stock worth $13,685,000 after buying an additional 314 shares in the last quarter. Finally, Plato Investment Management Ltd increased its holdings in AMETEK by 29,554.5% in the first quarter. Plato Investment Management Ltd now owns 9,786 shares of the technology company’s stock valued at $1,790,000 after buying an additional 9,753 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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.