AMETEK (NYSE:AME) Price Target Raised to $229.00

AMETEK (NYSE:AME) had its price objective hoisted by Royal Bank Of Canada from $212.00 to $229.00 in a report released on Friday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other brokerages also recently weighed in on AME. Barclays upped their price objective on AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday. Robert W. Baird increased their price objective on AMETEK from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Mizuho increased their price objective on AMETEK from $212.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Melius cut AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Monday, July 14th. Finally, DA Davidson increased their price objective on AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $210.50.

AMETEK Stock Up 2.1%

AME stock opened at $202.51 on Friday. The company has a market cap of $46.77 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The company has a fifty day moving average price of $186.73 and a 200 day moving average price of $180.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK has a 12 month low of $145.02 and a 12 month high of $204.15.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. AMETEK’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. Sell-side analysts expect that AMETEK will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.31 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is 19.56%.

Institutional Trading of AMETEK

A number of institutional investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its stake in shares of AMETEK by 6.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,892 shares of the technology company’s stock valued at $5,059,000 after buying an additional 1,621 shares in the last quarter. Monte Financial Group LLC boosted its stake in shares of AMETEK by 5.5% in the third quarter. Monte Financial Group LLC now owns 6,578 shares of the technology company’s stock valued at $1,237,000 after buying an additional 343 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of AMETEK by 6.0% in the third quarter. Mutual of America Capital Management LLC now owns 67,301 shares of the technology company’s stock valued at $12,653,000 after buying an additional 3,788 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of AMETEK by 12.3% in the third quarter. First Citizens Bank & Trust Co. now owns 3,996 shares of the technology company’s stock valued at $751,000 after buying an additional 438 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of AMETEK by 3.3% in the third quarter. CIBC Asset Management Inc now owns 61,868 shares of the technology company’s stock valued at $11,631,000 after buying an additional 1,986 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Company Profile

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.