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NYSE:AME

AMETEK (AME) Stock Price, News & Analysis

$169.43
+0.86 (+0.51%)
(As of 09/18/2024 ET)

About AMETEK Stock (NYSE:AME)

Key Stats

Today's Range
$168.09
$171.55
50-Day Range
$152.74
$176.01
52-Week Range
$136.89
$186.32
Volume
1.10 million shs
Average Volume
1.12 million shs
Market Capitalization
$39.22 billion
P/E Ratio
29.78
Dividend Yield
0.66%
Price Target
$186.29
Consensus Rating
Moderate Buy

Company Overview

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. Its EMG segment offers engineered medical components and devices, automation solutions, thermal management systems, specialty metals, and electrical interconnects; single-use and consumable surgical instruments, implantable components, and drug delivery systems; engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, and automation; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for thermal management, military and commercial aircraft, and military ground vehicles; motors for commercial appliances, food and beverage machines, hydraulic pumps, and industrial blowers; and operates a network of aviation maintenance, repair, and overhaul facilities. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.

AMETEK Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 90th Percentile

AMETEK scored higher than 90% of companies evaluated by MarketBeat, and ranked 59th out of 671 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    AMETEK has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    AMETEK has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about AMETEK's stock forecast and price target.
  • Earnings Growth

    Earnings for AMETEK are expected to grow by 7.68% in the coming year, from $6.77 to $7.29 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of AMETEK is 29.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of AMETEK is 29.78, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 270.12.

  • Price to Earnings Growth Ratio

    AMETEK has a PEG Ratio of 2.71. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    AMETEK has a P/B Ratio of 4.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about AMETEK's valuation and earnings.
  • Percentage of Shares Shorted

    1.03% of the float of AMETEK has been sold short.
  • Short Interest Ratio / Days to Cover

    AMETEK has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in AMETEK has recently decreased by 4.03%, indicating that investor sentiment is improving.
  • Dividend Yield

    AMETEK has a dividend yield of 0.67%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    AMETEK does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of AMETEK is 19.68%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, AMETEK will have a dividend payout ratio of 15.36% next year. This indicates that AMETEK will be able to sustain or increase its dividend.

  • Read more about AMETEK's dividend.
  • Percentage of Shares Shorted

    1.03% of the float of AMETEK has been sold short.
  • Short Interest Ratio / Days to Cover

    AMETEK has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in AMETEK has recently decreased by 4.03%, indicating that investor sentiment is improving.
  • News Sentiment

    AMETEK has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for AMETEK this week, compared to 9 articles on an average week.
  • Search Interest

    2 people have searched for AME on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, AMETEK insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.61% of the stock of AMETEK is held by insiders.

  • Percentage Held by Institutions

    87.43% of the stock of AMETEK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about AMETEK's insider trading history.

AME Stock News Headlines

Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
Oppenheimer Sticks to Its Buy Rating for Ametek (AME)
See More Headlines

AME Stock Analysis - Frequently Asked Questions

AMETEK's stock was trading at $164.89 at the beginning of the year. Since then, AME shares have increased by 2.8% and is now trading at $169.43.
View the best growth stocks for 2024 here
.

AMETEK, Inc. (NYSE:AME) released its quarterly earnings data on Thursday, August, 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The company's quarterly revenue was up 5.4% on a year-over-year basis.
Read the conference call transcript
.

AMETEK subsidiaries include these companies: Alphasense, NSI-MI Technologies, Abaco Systems Inc., Crank, Crank Software, EGS Automation, Magnetrol International, and more.

Top institutional investors of AMETEK include Massachusetts Financial Services Co. MA (3.18%), Bank of New York Mellon Corp (1.56%), Dimensional Fund Advisors LP (0.81%) and Kayne Anderson Rudnick Investment Management LLC (0.72%). Insiders that own company stock include William Joseph Burke, Thomas C Marecic, Ronald J Oscher, Anthony James Conti, Steven W Kohlhagen, Thomas M Montgomery, Gretchen W Mcclain, Thomas A Amato, William D Eginton, David A Zapico, Ruby R Chandy and John Wesley Hardin.
View institutional ownership trends
.

Shares of AME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that AMETEK investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH) and NIC (EGOV).

Company Calendar

Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Last Earnings
8/01/2024
Ex-Dividend for 9/30 Dividend
9/16/2024
Today
9/18/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Process control instruments
Sub-Industry
Electrical Components & Equipment
CUSIP
03110010
Employees
21,500
Year Founded
1930

Price Target and Rating

Average Stock Price Target
$186.29
High Stock Price Target
$215.00
Low Stock Price Target
$158.00
Potential Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$1.31 billion
Pretax Margin
23.87%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$8.06 per share
Book Value
$37.83 per share

Miscellaneous

Free Float
230,058,000
Market Cap
$39.22 billion
Optionable
Optionable
Beta
1.17

Social Links

Should I Buy AMETEK Stock? AME Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these AMETEK pros and cons to contact@marketbeat.com.

AMETEK
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in AMETEK, Inc.:

  • AMETEK's stock price is currently trading at $165.89, which may present a buying opportunity for investors looking to enter at a relatively lower price point.
  • AMETEK reported strong quarterly earnings results, surpassing analysts' expectations with a positive earnings per share of $1.66, indicating the company's financial health and growth potential.
  • AMETEK has a solid return on equity of 17.41%, showcasing efficient utilization of shareholder funds to generate profits.
  • Insider buying and selling activities can provide insights into the company's performance and future prospects, aiding investors in making informed decisions.
  • AMETEK has a diverse institutional investor base, with significant stakes held by various large investors, indicating confidence in the company's long-term prospects.

AMETEK
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in AMETEK, Inc. for these reasons:

  • AMETEK's stock has a beta of 1.18, indicating higher volatility compared to the market average, which may lead to increased risk for investors.
  • Despite positive earnings, AMETEK's stock price has experienced fluctuations, potentially signaling uncertainty in the market's perception of the company's future performance.
  • AMETEK's debt-to-equity ratio of 0.20 may raise concerns about the company's leverage and financial stability, impacting investor confidence.
  • Analysts have issued mixed ratings on AMETEK's stock, with some recommending a hold, which could reflect differing opinions on the company's growth prospects.
  • The company's 12-month high of $186.32 suggests potential resistance levels that could limit short-term price appreciation for investors.

This page (NYSE:AME) was last updated on 9/18/2024 by MarketBeat.com Staff
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