AMETEK (NYSE:AME - Get Free Report) had its price target raised by Robert W. Baird from $166.00 to $186.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Robert W. Baird's price target points to a potential upside of 3.38% from the stock's current price.
A number of other equities analysts have also recently issued reports on AME. TD Cowen cut AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Redburn Atlantic upgraded shares of AMETEK to a "strong-buy" rating in a report on Friday, August 2nd. Mizuho upped their target price on shares of AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday. Wolfe Research upgraded AMETEK to a "hold" rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada decreased their price objective on AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.86.
Check Out Our Latest Stock Report on AMETEK
AMETEK Trading Up 0.8 %
Shares of NYSE:AME traded up $1.49 during mid-day trading on Monday, hitting $179.92. The company had a trading volume of 959,752 shares, compared to its average volume of 1,143,249. The company has a market capitalization of $41.66 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 3.01 and a beta of 1.16. AMETEK has a one year low of $141.65 and a one year high of $186.32. The firm has a fifty day moving average price of $169.17 and a 200 day moving average price of $168.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.76.
AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The company 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 revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, research analysts forecast that AMETEK will post 6.76 EPS for the current year.
Insider Activity
In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the business's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.
Institutional Trading of AMETEK
Hedge funds and other institutional investors have recently modified their holdings of the business. Washington Trust Advisors Inc. purchased a new stake in AMETEK during the 1st quarter worth about $37,000. Family Firm Inc. bought a new position in shares of AMETEK in the second quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. purchased a new position in AMETEK during the second quarter valued at approximately $42,000. Headlands Technologies LLC bought a new stake in AMETEK during the 1st quarter worth approximately $43,000. Finally, Princeton Global Asset Management LLC purchased a new stake in AMETEK in the 3rd quarter worth approximately $44,000. Institutional investors own 87.43% of the company's stock.
About AMETEK
(
Get Free Report)
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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