AMETEK, Inc. (NYSE:AME) Receives $204.67 Consensus PT from Analysts

Shares of AMETEK, Inc. (NYSE:AME - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $204.67.

A number of equities analysts recently issued reports on AME shares. Mizuho increased their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Bank of America upgraded AMETEK from a "neutral" rating to a "buy" rating and lifted their price target for the company from $195.00 to $225.00 in a research report on Monday, December 16th. Robert W. Baird decreased their price objective on AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. KeyCorp boosted their target price on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Finally, Truist Financial lifted their price target on shares of AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a research report on Thursday, January 16th.

Insider Activity

In related news, insider Emanuela Speranza sold 6,747 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares of the company's stock, valued at approximately $5,967,114. The trade was a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On AMETEK

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of AMETEK by 4.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company's stock worth $261,000 after purchasing an additional 63 shares during the last quarter. Kensington Investment Counsel LLC raised its holdings in shares of AMETEK by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock worth $2,574,000 after acquiring an additional 66 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of AMETEK by 2.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company's stock valued at $604,000 after acquiring an additional 70 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of AMETEK by 42.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Quotient Wealth Partners LLC increased its position in AMETEK by 3.9% in the fourth quarter. Quotient Wealth Partners LLC now owns 1,843 shares of the technology company's stock worth $332,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 1.4 %

NYSE:AME traded down $2.67 during mid-day trading on Thursday, reaching $186.11. 1,202,695 shares of the company's stock traded hands, compared to its average volume of 1,271,068. AMETEK has a 12-month low of $149.03 and a 12-month high of $198.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. The company has a 50 day moving average price of $182.95 and a 200-day moving average price of $178.06. The firm has a market capitalization of $43.05 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.77 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. On average, sell-side analysts predict that AMETEK will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. This is a positive change from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. AMETEK's dividend payout ratio is 18.89%.

AMETEK announced that its Board of Directors has initiated a share buyback program on Friday, February 7th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.