Recent Research Analysts’ Ratings Changes for AMETEK (AME)

A number of research firms have changed their ratings and price targets for AMETEK (NYSE: AME):

• 1/1/2025 – AMETEK was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/24/2024 – AMETEK was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/16/2024 – AMETEK was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/16/2024 – AMETEK was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $225.00 price target on the stock, up previously from $195.00.
• 12/4/2024 – AMETEK was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/22/2024 – AMETEK had its price target raised by analysts at KeyCorp from $205.00 to $215.00. They now have an “overweight” rating on the stock.
• 11/15/2024 – AMETEK was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/4/2024 – AMETEK had its price target raised by analysts at Robert W. Baird from $166.00 to $186.00. They now have a “neutral” rating on the stock.
• 11/4/2024 – AMETEK was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

AMETEK Stock Up 0.7 %

Shares of AME traded up $1.24 during midday trading on Friday, hitting $179.57. The company had a trading volume of 540,486 shares, compared to its average volume of 627,093. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The firm has a market capitalization of $41.54 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company’s 50-day simple moving average is $187.13 and its 200-day simple moving average is $174.33.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share 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 analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. As a group, sell-side analysts expect that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

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

Insider Activity

In other news, insider Emanuela Speranza sold 6,747 shares of AMETEK 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. The trade was a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,200 shares of company stock worth $5,707,620. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of AMETEK

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Everence Capital Management Inc. acquired a new position in AMETEK in the 4th quarter valued at $999,000. GAMMA Investing LLC raised its holdings in AMETEK by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,270 shares of the technology company’s stock worth $950,000 after purchasing an additional 442 shares in the last quarter. Versant Capital Management Inc lifted its position in AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 187 shares during the period. JPMorgan Chase & Co. boosted its holdings in AMETEK by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company’s stock valued at $1,199,454,000 after purchasing an additional 250,538 shares in the last quarter. Finally, Dudley & Shanley Inc. raised its stake in shares of AMETEK by 11.3% during the 3rd quarter. Dudley & Shanley Inc. now owns 139,434 shares of the technology company’s stock worth $23,942,000 after buying an additional 14,105 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.