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

Shares of AMETEK, Inc. (NYSE:AME - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $197.89.

AME has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Mizuho set a $212.00 price objective on AMETEK in a report on Friday, May 16th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Morgan Stanley began coverage on AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target for the company. Finally, Truist Financial raised their price objective on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th.

Insider Buying and Selling

In other AMETEK news, Director Thomas A. Amato sold 710 shares of AMETEK stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total transaction of $125,414.40. Following the sale, the director now owns 10,560 shares of the company's stock, valued at $1,865,318.40. The trade was a 6.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

Institutional Investors Weigh In On AMETEK

A number of hedge funds have recently modified their holdings of AME. Bank Pictet & Cie Europe AG raised its holdings in AMETEK by 23.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock valued at $32,992,000 after acquiring an additional 34,866 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in AMETEK by 31.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,130 shares of the technology company's stock worth $925,000 after buying an additional 1,234 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in AMETEK during the fourth quarter worth $335,000. Howard Capital Management Inc. grew its holdings in AMETEK by 5.0% in the 4th quarter. Howard Capital Management Inc. now owns 1,501 shares of the technology company's stock valued at $271,000 after buying an additional 72 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of AMETEK in the 4th quarter worth $2,774,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

Shares of AME opened at $179.34 on Wednesday. The stock has a 50-day moving average of $173.95 and a two-hundred day moving average of $177.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.41. The stock has a market cap of $41.41 billion, a P/E ratio of 29.35, a P/E/G ratio of 2.66 and a beta of 1.10. AMETEK has a one year low of $145.02 and a one year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company's revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that AMETEK will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. AMETEK's dividend payout ratio (DPR) is 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.

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