AMETEK (NYSE:AME) Hits New 52-Week High - Time to Buy?

Key Points

• AMETEK shares reached a new 52-week high of $259.99 and were last trading near $258.66. Analysts maintain a “Moderate Buy” consensus, with an average price target of $266.80 and several firms raising targets to $290–$295.
• The company exceeded quarterly expectations, reporting $2.09 in adjusted earnings per share on $2.04 billion in revenue, with revenue up 15% year over year. AMETEK guided for third-quarter EPS of $2.08–$2.10 and full-year EPS of $8.20–$8.30.
• AMETEK declared a quarterly dividend of $0.34, equating to a 0.5% annualized yield, while an insider recently sold 6,608 shares. Institutional investors own a substantial 87.43% of the company.

Shares of AMETEK, Inc. (NYSE:AME - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $259.99 and last traded at $258.66, with a volume of 47078 shares. The stock had previously closed at $256.30.

Analyst Ratings Changes

Several brokerages recently issued reports on AME. Royal Bank Of Canada upped their target price on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Seaport Research Partners restated a "buy" rating and set a $290.00 price target on shares of AMETEK in a research note on Wednesday, August 5th. TD Cowen restated a "buy" rating on shares of AMETEK in a report on Thursday, August 6th. Barclays increased their price objective on shares of AMETEK from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Monday, May 4th. Finally, KeyCorp boosted their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and an average price target of $266.80.

AMETEK Stock Performance

The firm's 50 day simple moving average is $237.25 and its 200 day simple moving average is $230.51. The firm has a market capitalization of $58.90 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 3.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business's quarterly revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Sell-side analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK's payout ratio is 19.88%.

Insider Activity at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On AMETEK

Several hedge funds have recently bought and sold shares of AME. Frazier Financial Advisors LLC purchased a new stake in AMETEK during the second quarter worth $25,000. Elevation Wealth Partners LLC raised its position in shares of AMETEK by 239.5% in the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company's stock worth $31,000 after acquiring an additional 91 shares during the period. MV Capital Management Inc. purchased a new stake in shares of AMETEK during the 4th quarter worth about $28,000. Brown Lisle Cummings Inc. grew its position in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock valued at $29,000 after acquiring an additional 123 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of AMETEK in the 2nd quarter valued at about $25,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.

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