AMETEK (NYSE:AME) Given New $245.00 Price Target at Morgan Stanley

AMETEK (NYSE:AME) had its price target lifted by Morgan Stanley from $235.00 to $245.00 in a research note released on Friday, MarketBeat.com reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on AME. BMO Capital Markets assumed coverage on AMETEK in a research note on Friday, March 27th. They set an “outperform” rating and a $253.00 price objective for the company. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research report on Thursday, June 18th. Weiss Ratings upgraded shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Finally, Mizuho set a $270.00 price objective on shares of AMETEK in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $256.29.

AMETEK Stock Up 0.4%

AME traded up $0.86 during midday trading on Friday, reaching $233.85. The company’s stock had a trading volume of 639,696 shares, compared to its average volume of 1,119,131. AMETEK has a 1 year low of $174.43 and a 1 year high of $244.71. The stock’s 50-day moving average is $231.21 and its 200-day moving average is $225.46. The firm has a market capitalization of $53.60 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 3.27 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.

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

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is presently 20.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Darwin Wealth Management LLC purchased a new stake in shares of AMETEK during the second quarter valued at $25,000. CoreCap Advisors LLC raised its position in AMETEK by 84.3% in the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after buying an additional 59 shares during the last quarter. MV Capital Management Inc. bought a new position in AMETEK during the 4th quarter valued at about $28,000. Brown Lisle Cummings Inc. lifted its stake in AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares during the period. Finally, BOKF NA boosted its holdings in shares of AMETEK by 137.7% during the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after acquiring an additional 84 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

About AMETEK

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.