AMETEK, Inc. (NYSE:AME) Receives $202.50 Consensus Target Price from Brokerages

AMETEK, Inc. (NYSE:AME - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $202.50.

Several analysts have weighed in on AME shares. Mizuho boosted 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. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a report on Wednesday. Robert W. Baird lifted their price target on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Wolfe Research raised AMETEK to a "hold" rating in a research note on Wednesday, September 18th. Finally, Truist Financial lifted their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, November 1st.

AMETEK Price Performance

Shares of AME traded down $0.48 during midday trading on Wednesday, reaching $180.26. The stock had a trading volume of 589,368 shares, compared to its average volume of 1,141,407. The company has a market capitalization of $41.70 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK has a 12-month low of $149.03 and a 12-month high of $198.33. The company's 50-day moving average is $186.89 and its 200 day moving average is $174.30.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.64 earnings per share. On average, equities analysts predict that AMETEK will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, December 6th. AMETEK's payout ratio is currently 19.51%.

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now directly owns 36,731 shares of the company's stock, valued at $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Emanuela Speranza sold 6,747 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were 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 $5,967,114. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,200 shares of company stock valued at $5,707,620. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. grew its stake in shares of AMETEK by 62.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock worth $34,000 after buying an additional 77 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of AMETEK in the third quarter worth $44,000. Anchor Investment Management LLC increased its holdings in shares of AMETEK by 366.1% during the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of AMETEK in the 2nd quarter worth about $50,000. Finally, Quarry LP grew its position in AMETEK by 226.1% during the 3rd quarter. Quarry LP now owns 300 shares of the technology company's stock valued at $52,000 after purchasing an additional 208 shares during the last quarter. 87.43% of the stock is currently owned by 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.