AMETEK, Inc. (NYSE:AME) Receives $256.29 Average Price Target from Brokerages

AMETEK, Inc. (NYSE:AME) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $256.2857.

Several research analysts have recently issued reports on the company. Weiss Ratings lowered AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley lifted their price target on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. DA Davidson reissued a “buy” rating and set a $265.00 price objective on shares of AMETEK in a research report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their target price on shares of AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, May 1st.

Institutional Investors Weigh In On AMETEK

A number of hedge funds and other institutional investors have recently bought and sold shares of AME. Florida Financial Advisors LLC boosted its position in shares of AMETEK by 2.2% in the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock worth $406,000 after purchasing an additional 43 shares in the last quarter. Plato Investment Management Ltd increased its position in AMETEK by 0.4% during the 4th quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock valued at $2,218,000 after buying an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its position in AMETEK by 4.0% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock valued at $257,000 after buying an additional 48 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in AMETEK by 6.2% during the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock valued at $175,000 after buying an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock worth $69,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of NYSE AME opened at $242.19 on Thursday. AMETEK has a 1 year low of $179.24 and a 1 year high of $244.97. The stock has a market capitalization of $55.51 billion, a P/E ratio of 36.58, a P/E/G ratio of 3.39 and a beta of 0.99. The company’s 50-day moving average is $233.57 and its 200 day moving average is $228.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $1.75 earnings per share. AMETEK’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that AMETEK will post 8.14 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is 20.54%.

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.