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NYSE:AME

AMETEK (AME) Stock Price, News & Analysis

$163.64
-1.51 (-0.91%)
(As of 09/6/2024 ET)
Today's Range
$163.22
$166.99
50-Day Range
$152.74
$176.01
52-Week Range
$136.89
$186.32
Volume
835,941 shs
Average Volume
1.12 million shs
Market Capitalization
$37.88 billion
P/E Ratio
28.76
Dividend Yield
0.68%
Price Target
$186.29

AMETEK MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
13.8% Upside
$186.29 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.95
Upright™ Environmental Score
News Sentiment
1.10mentions of AMETEK in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$250,459 Sold Last Quarter
Proj. Earnings Growth
7.68%
From $6.77 to $7.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Computer And Technology Sector

77th out of 594 stocks

Process Control Instruments Industry

6th out of 13 stocks

AME stock logo

About AMETEK Stock (NYSE:AME)

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.

AME Stock Price History

AME Stock News Headlines

New Buy Rating for Fortive (FTV), the Technology Giant
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
AMETEK Declares Quarterly Dividend
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Last Earnings
8/01/2024
Today
9/07/2024
Ex-Dividend for 9/30 Dividend
9/16/2024
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
+13.8%
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
$7.52 per share
Book Value
$39.96 per share

Miscellaneous

Free Float
230,058,000
Market Cap
$37.88 billion
Optionable
Optionable
Beta
1.17

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Should I Buy AMETEK Stock? AME Pros and Cons Explained

Pros

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.

Cons

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.
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.

AME Stock Analysis - Frequently Asked Questions

How have AME shares performed this year?

AMETEK's stock was trading at $164.89 at the start of the year. Since then, AME shares have decreased by 0.8% and is now trading at $163.64.
View the best growth stocks for 2024 here
.

How were AMETEK's earnings last quarter?

AMETEK, Inc. (NYSE:AME) issued its quarterly earnings data on Thursday, August, 1st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. The business's revenue for the quarter was up 5.4% compared to the same quarter last year.
Read the conference call transcript
.

What is David A. Zapico's approval rating as AMETEK's CEO?

110 employees have rated AMETEK Chief Executive Officer David A. Zapico on Glassdoor.com. David A. Zapico has an approval rating of 94% among the company's employees. This puts David A. Zapico in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does AMETEK have any subsidiaries?

The following companies are subsidiaries of AMETEK: Alphasense, NSI-MI Technologies, Abaco Systems Inc., Crank, Crank Software, EGS Automation, Magnetrol International, and others.

Who are AMETEK's major shareholders?

AMETEK's top institutional shareholders 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
.

How do I buy shares of AMETEK?

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.

What other stocks do shareholders of AMETEK own?

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).

This page (NYSE:AME) was last updated on 9/7/2024 by MarketBeat.com Staff

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