Weiss Ratings Reiterates "Buy (B)" Rating for AMETEK (NYSE:AME)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for AMETEK, indicating positive sentiment from equities researchers.
• AMETEK’s price targets from other research firms have increased, with KeyCorp raising their target from $195.00 to $205.00.
• AMETEK's recent earnings report showed a 2.5% revenue increase year-over-year and an earnings per share (EPS) of $1.78, exceeding analysts' estimates.

AMETEK (NYSE:AME - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on AME. KeyCorp raised their price target on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley raised their price target on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Royal Bank Of Canada upped their price target on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Truist Financial boosted their price objective on AMETEK from $219.00 to $229.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, DA Davidson boosted their price objective on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, AMETEK presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

AMETEK Stock Up 0.4%

NYSE:AME traded up $0.71 during mid-day trading on Wednesday, hitting $182.13. 530,886 shares of the company's stock traded hands, compared to its average volume of 1,336,652. The company has a fifty day moving average of $185.55 and a 200 day moving average of $177.85. 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 has a market capitalization of $42.06 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.63 and a beta of 1.11. AMETEK has a twelve month low of $145.02 and a twelve month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. AMETEK's revenue for the quarter was up 2.5% on a year-over-year basis. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, analysts forecast that AMETEK will post 7.15 EPS for the current year.

Hedge Funds Weigh In On AMETEK

A number of large investors have recently modified their holdings of AME. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK in the 2nd quarter worth approximately $25,000. Bares Capital Management Inc. acquired a new stake in AMETEK during the 1st quarter valued at $26,000. ST Germain D J Co. Inc. grew its holdings in AMETEK by 628.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company's stock valued at $28,000 after buying an additional 132 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in AMETEK during the 1st quarter valued at $29,000. Finally, NewSquare Capital LLC grew its holdings in AMETEK by 129.7% during the 2nd quarter. NewSquare Capital LLC now owns 170 shares of the technology company's stock valued at $31,000 after buying an additional 96 shares during 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.

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