AMETEK, Inc. (NYSE:AME) Receives Average Rating of "Moderate Buy" from Analysts

AMETEK, Inc. (NYSE:AME - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $197.60.

AME has been the subject of a number of research reports. Morgan Stanley assumed coverage on AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price objective for the company. Robert W. Baird lowered their price objective on shares of AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada increased their target price on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday. Truist Financial boosted their price target on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday. Finally, StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a research note on Friday, April 11th.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,320 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $189.41, for a total transaction of $250,021.20. Following the transaction, the director now owns 22,029 shares of the company's stock, valued at approximately $4,172,512.89. This trade represents a 5.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas A. Amato sold 710 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the sale, the director now directly owns 10,560 shares in the company, valued at $1,865,318.40. This trade represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

Institutional Trading of AMETEK

Hedge funds have recently modified their holdings of the company. Olde Wealth Management LLC bought a new position in shares of AMETEK during the 1st quarter worth approximately $29,000. Versant Capital Management Inc raised its holdings in shares of AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock worth $35,000 after buying an additional 187 shares during the last quarter. Banque Transatlantique SA purchased a new stake in AMETEK during the 4th quarter valued at about $37,000. AdvisorNet Financial Inc boosted its holdings in shares of AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock worth $42,000 after purchasing an additional 70 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Stock Up 0.1 %

AME stock opened at $170.19 on Tuesday. AMETEK has a 1-year low of $145.02 and a 1-year high of $198.33. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $169.80 and its 200 day moving average is $179.49.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.06. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the company posted $1.64 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts predict that AMETEK will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.31 dividend. This is an increase from AMETEK's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, March 14th. AMETEK's dividend payout ratio (DPR) is 20.29%.

AMETEK announced that its board has approved a stock repurchase program on Friday, February 7th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

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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