AMETEK, Inc. (NYSE:AME) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• AMETEK, Inc. has received a consensus rating of "Hold" from thirteen brokerages, with a 12-month target price averaging $208.00.
• The company reported earnings of $1.78 per share for the last quarter, exceeding analysts' expectations of $1.69, and has announced a quarterly dividend of $0.31 per share.
• AMETEK's market capitalization stands at $43.16 billion, with its stock currently trading around $186.90 after a recent increase of 1.1%.

AMETEK, Inc. (NYSE:AME - Get Free Report) has received an average recommendation of "Hold" from the thirteen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $208.00.

AME has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Monday, July 14th. Robert W. Baird lifted their target price on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Melius Research upgraded shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Finally, DA Davidson lifted their target price on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st.

AMETEK Stock Up 1.1%

NYSE:AME opened at $186.90 on Thursday. AMETEK has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The stock has a market capitalization of $43.16 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The company's 50-day simple moving average is $180.36 and its 200-day simple moving average is $177.00.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the business earned $1.66 EPS. The company's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that AMETEK will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's payout ratio is 19.97%.

Hedge Funds Weigh In On AMETEK

Several institutional investors have recently made changes to their positions in AME. Bares Capital Management Inc. purchased a new stake in AMETEK in the 1st quarter worth $26,000. ST Germain D J Co. Inc. increased its holdings in AMETEK by 628.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company's stock worth $28,000 after acquiring an additional 132 shares in the last quarter. NewSquare Capital LLC increased its holdings in AMETEK by 129.7% in the 2nd quarter. NewSquare Capital LLC now owns 170 shares of the technology company's stock worth $31,000 after acquiring an additional 96 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in AMETEK in the 1st quarter worth $29,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after acquiring an additional 71 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.