AMETEK (NYSE:AME) Upgraded by Citigroup to “Hold” Rating

Citigroup upgraded shares of AMETEK (NYSE:AME) to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Morgan Stanley upped their target price on AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. BMO Capital Markets assumed coverage on AMETEK in a report on Friday, March 27th. They set an “outperform” rating and a $253.00 target price for the company. Barclays increased their price objective on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $252.69.

AMETEK Trading Up 0.8%

Shares of NYSE AME opened at $232.19 on Monday. AMETEK has a 12 month low of $174.43 and a 12 month high of $243.18. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 3.23 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $229.45 and a 200-day simple moving average of $221.05.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $1.75 earnings per share. AMETEK’s revenue was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Sell-side analysts predict that AMETEK will post 8.13 EPS for the current year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. AMETEK’s dividend payout ratio is currently 20.54%.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 530 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the completion of the sale, the director directly owned 4,480 shares of the company’s stock, valued at approximately $971,174.40. This represents a 10.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On AMETEK

Several hedge funds have recently bought and sold shares of the business. DV Trading LLC raised its stake in shares of AMETEK by 175.0% during the 1st quarter. DV Trading LLC now owns 1,100 shares of the technology company’s stock worth $236,000 after purchasing an additional 700 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of AMETEK by 9.8% during the 1st quarter. Parallel Advisors LLC now owns 3,237 shares of the technology company’s stock worth $694,000 after purchasing an additional 289 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of AMETEK by 11.7% during the 1st quarter. NewEdge Advisors LLC now owns 5,426 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 569 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in shares of AMETEK during the 1st quarter worth about $91,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of AMETEK during the 1st quarter worth about $5,259,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.