Recent Investment Analysts’ Ratings Updates for AMETEK (AME)

Posted by Editorial Team on Jan 24th, 2025

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

1/17/2025 – AMETEK was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
1/16/2025 – AMETEK was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. They now have a $210.00 price target on the stock.
1/16/2025 – AMETEK had its price target raised by analysts at Truist Financial Co. from $221.00 to $222.00. They now have a “buy” rating on the stock.
1/9/2025 – AMETEK was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
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.

AMETEK Trading Down 0.4 %

Shares of AME traded down $0.73 during trading hours on Friday, hitting $189.70. The company had a trading volume of 50,097 shares, compared to its average volume of 1,226,835. The firm has a market cap of $43.88 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.73 and a beta of 1.16. The stock’s 50 day moving average price is $186.64 and its 200 day moving average price is $175.58. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a 52-week low of $149.03 and a 52-week high of $198.33.

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

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. AMETEK’s dividend payout ratio is presently 19.51%.

Insider Transactions at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,200 shares of company stock worth $5,707,620 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of AMETEK

A number of institutional investors and hedge funds have recently modified their holdings of AME. Oddo BHF Asset Management Sas purchased a new stake in shares of AMETEK in the 3rd quarter valued at approximately $3,724,000. Everence Capital Management Inc. acquired a new position in AMETEK during the fourth quarter worth about $999,000. BNP Paribas Financial Markets raised its position in AMETEK by 23.2% during the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock worth $61,099,000 after acquiring an additional 67,025 shares during the last quarter. Taurus Asset Management LLC raised its position in shares of AMETEK by 2.9% in the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock valued at $19,752,000 after buying an additional 3,210 shares during the last quarter. Finally, Sawgrass Asset Management LLC raised its position in shares of AMETEK by 36.5% in the third quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company’s stock valued at $12,837,000 after buying an additional 20,001 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.