AMETEK, Inc. (NYSE:AME) Receives $197.89 Consensus PT from Brokerages

Shares of AMETEK, Inc. (NYSE:AME - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $197.89.

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial increased their target price on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Robert W. Baird lowered their price target on 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. Finally, Morgan Stanley began coverage on AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price for the company.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company's stock.

Institutional Trading of AMETEK

Several institutional investors have recently added to or reduced their stakes in the stock. Bares Capital Management Inc. bought a new position in shares of AMETEK during the first quarter worth about $26,000. Olde Wealth Management LLC acquired a new stake in AMETEK during the first quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after acquiring an additional 71 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of AMETEK during the 4th quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. raised its position in shares of AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Trading Down 0.2%

Shares of NYSE:AME traded down $0.39 during midday trading on Friday, reaching $177.32. The company's stock had a trading volume of 1,106,005 shares, compared to its average volume of 1,293,205. The firm has a market cap of $40.94 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12. The business has a 50 day moving average price of $169.00 and a 200 day moving average price of $179.11. AMETEK has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15.

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

AMETEK declared that its board has authorized a share buyback program on Friday, February 7th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

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.