AMETEK (NYSE:AME) Upgraded to Hold at Citigroup

AMETEK (NYSE:AME) was upgraded by equities research analysts at Citigroup to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. DA Davidson reaffirmed a “buy” rating and set a $265.00 target price on shares of AMETEK in a research report on Monday, May 4th. Robert W. Baird set a $244.00 target price on AMETEK in a research report on Friday, May 1st. Truist Financial reaffirmed a “buy” rating and set a $275.00 target price (up from $265.00) on shares of AMETEK in a research report on Monday, May 4th. Mizuho set a $270.00 target price on AMETEK in a research report on Friday, May 1st. Finally, Royal Bank Of Canada upped their target price on AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One research 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 company. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $252.69.

AMETEK Price Performance

AMETEK stock opened at $232.19 on Monday. The stock has a market capitalization of $53.22 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 3.23 and a beta of 1.00. AMETEK has a 52-week low of $174.43 and a 52-week high of $243.18. The stock’s 50 day moving average price is $229.45 and its two-hundred day moving average price is $221.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14.

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

Insider Buying and Selling

In related news, Director Thomas A. Amato sold 530 shares of the stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On AMETEK

Institutional investors and hedge funds have recently bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new stake in AMETEK in the 2nd 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 valued at $26,000 after buying an additional 59 shares during the last quarter. MV Capital Management Inc. purchased a new stake in AMETEK in the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. raised its position in AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after buying an additional 123 shares during the last quarter. Finally, BOKF NA raised its position in AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after buying an additional 84 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other 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.