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

Shares of AMETEK, Inc. (NYSE:AME - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $197.30.

AME has been the subject of a number of recent research reports. Truist Financial upped their price objective on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Melius Research raised AMETEK to a "hold" rating in a research report on Monday, July 14th. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada lifted their target price on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a report on Monday, July 14th.

AMETEK Price Performance

AMETEK stock traded up $0.69 during midday trading on Friday, reaching $178.78. 368,103 shares of the company were exchanged, compared to its average volume of 1,365,464. 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 company has a market capitalization of $41.28 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.68 and a beta of 1.09. The firm's 50-day simple moving average is $179.43 and its 200-day simple moving average is $176.87. AMETEK has a 1 year low of $145.02 and a 1 year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $1.64 EPS. AMETEK's revenue for the quarter was down .2% on a year-over-year basis. On average, analysts anticipate that AMETEK will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, June 13th. AMETEK's dividend payout ratio (DPR) is currently 20.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bares Capital Management Inc. purchased a new stake in AMETEK during the 1st quarter worth approximately $26,000. ST Germain D J Co. Inc. grew its stake 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 valued at $28,000 after acquiring an additional 132 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of AMETEK during the 1st quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of AMETEK by 57.7% in the first 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 during the last quarter. Finally, Banque Transatlantique SA purchased a new position in AMETEK in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

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.