Brokerages Set AMETEK, Inc. (NYSE:AME) Price Target at $266.69

Shares of AMETEK, Inc. (NYSE:AME) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $266.6875.

Several brokerages have recently weighed in on AME. Weiss Ratings upgraded shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. KeyCorp boosted their target price on shares of AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research note on Thursday, June 18th. Citigroup raised their price target on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Seaport Research Partners restated a “buy” rating and set a $290.00 target price on shares of AMETEK in a report on Wednesday, August 5th.

AMETEK Trading Up 0.1%

Shares of AME opened at $237.83 on Friday. AMETEK has a 12-month low of $179.24 and a 12-month high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $54.51 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 3.04 and a beta of 0.99. The stock’s 50-day moving average price is $241.53 and its 200 day moving average price is $232.59.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.10. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.AMETEK’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. As a group, research analysts predict that AMETEK will post 8.32 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s dividend payout ratio is 19.88%.

Insider Buying and Selling at AMETEK

In other news, insider David Hermance sold 6,608 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On AMETEK

Several large investors have recently made changes to their positions in AME. BlackRock Inc. bought a new position in AMETEK in the second quarter valued at about $4,725,928,000. Norges Bank bought a new position in shares of AMETEK in the 4th quarter valued at about $831,372,000. Flossbach Von Storch SE acquired a new stake in shares of AMETEK during the 2nd quarter worth approximately $662,352,000. Bank of New York Mellon Corp acquired a new stake in shares of AMETEK during the 2nd quarter worth approximately $624,725,000. Finally, Bank of America Corp DE bought a new stake in shares of AMETEK during the second quarter worth approximately $391,801,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Company Profile

AMETEK, Inc (NYSE: AME) is a diversified manufacturer of industrial technology products and solutions. The company develops equipment used to monitor, measure, test, control and analyze processes across a range of industrial and commercial applications.

AMETEK operates through two primary business groups: Electronic Instruments, which provides analytical, monitoring, testing and measurement equipment; and Electromechanical, which supplies automation systems, motors, power systems, aerospace and defense products, engineered materials and other specialized components.