Shares of AMETEK, Inc. (NYSE:AME - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nineteen brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $278.06.
AME has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on AMETEK from $288.00 to $318.00 and gave the stock a "buy" rating in a research report on Wednesday, September 30th. Vertical Research started coverage on AMETEK in a research note on Tuesday, September 8th. They issued a "buy" rating and a $255.00 price target for the company. Mizuho reduced their price target on AMETEK from $285.00 to $275.00 and set an "outperform" rating on the stock in a report on Wednesday. BNP Paribas Exane upped their price objective on shares of AMETEK from $280.00 to $290.00 and gave the stock an "outperform" rating in a research report on Friday, September 11th. Finally, Morgan Stanley set a $275.00 target price on AMETEK in a research report on Friday, October 9th.
View Our Latest Stock Report on AME
AMETEK News Summary
Here are the key news stories impacting AMETEK this week:
AMETEK Stock Up 2.4%
Shares of AME opened at $228.40 on Friday. AMETEK has a one year low of $188.47 and a one year high of $261.16. The stock has a 50 day moving average price of $242.89 and a 200 day moving average price of $234.62. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.29 and a beta of 0.96. 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 posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.10. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The company's revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. Equities research analysts forecast that AMETEK will post 8.59 earnings per share for the current fiscal year.
AMETEK Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 4th. AMETEK's dividend payout ratio is 19.18%.
Institutional Investors Weigh In On AMETEK
A number of large investors have recently modified their holdings of AME. BlackRock Inc. purchased a new position in shares of AMETEK in the second quarter valued at $4,725,928,000. Flossbach Von Storch SE purchased a new stake in AMETEK in the second quarter worth about $662,352,000. Bank of New York Mellon Corp acquired a new stake in AMETEK during the 2nd quarter valued at approximately $624,725,000. Bank of America Corp DE acquired a new position in AMETEK during the second quarter worth $391,801,000. Finally, Man Group plc acquired a new stake in AMETEK during the second quarter worth about $356,499,000. Institutional investors and hedge funds own 87.43% of the company's stock.
AMETEK Company Profile
(
Get Free Report)
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation.
The company's products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical.
Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.
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