Analysts Set AMETEK, Inc. (NYSE:AME) Target Price at $197.86

AMETEK, Inc. (NYSE:AME - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $197.86.

A number of analysts recently weighed in on AME shares. TD Cowen lowered shares of AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Mizuho increased their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wolfe Research raised shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. Royal Bank of Canada decreased their price target on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Finally, Redburn Atlantic raised shares of AMETEK to a "strong-buy" rating in a research note on Friday, August 2nd.

AMETEK Stock Performance

Shares of AME stock traded up $0.18 during trading on Tuesday, reaching $191.75. 516,909 shares of the company's stock traded hands, compared to its average volume of 1,143,991. The company has a market capitalization of $44.35 billion, a P/E ratio of 33.37, a PEG ratio of 3.11 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average is $171.32 and its 200 day moving average is $169.25. AMETEK has a 1 year low of $149.03 and a 1 year high of $193.04.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. AMETEK's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities research analysts expect that AMETEK will post 6.81 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.58%. AMETEK's payout ratio is currently 19.51%.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares of the company's stock, valued at $7,015,253.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider David F. Hermance sold 6,243 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AMETEK

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of AMETEK by 48.4% in the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company's stock worth $1,294,121,000 after acquiring an additional 2,306,535 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of AMETEK by 34.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company's stock worth $600,615,000 after acquiring an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. bought a new position in shares of AMETEK in the 3rd quarter worth about $130,579,000. Principal Financial Group Inc. increased its stake in shares of AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after acquiring an additional 703,501 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new position in shares of AMETEK in the 3rd quarter worth about $60,188,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Company Profile

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.