AMETEK (NYSE:AME) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of AMETEK (NYSE:AME) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks reports.

A number of other equities analysts have also recently issued reports on AME. Seaport Research Partners reissued a “buy” rating and issued a $290.00 target price on shares of AMETEK in a report on Wednesday, August 5th. Truist Financial increased their price target on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Robert W. Baird raised their price target on AMETEK from $275.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday. Royal Bank Of Canada upped their price objective on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, TD Cowen reiterated a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

AMETEK Stock Performance

Shares of AME opened at $248.38 on Tuesday. The stock has a market capitalization of $56.93 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.96. The business’s fifty day moving average price is $244.55 and its 200 day moving average price is $235.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. AMETEK has a 12-month low of $179.24 and a 12-month high of $261.16.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Equities research analysts forecast that AMETEK will post 8.42 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, September 15th. AMETEK’s dividend payout ratio is 19.88%.

Insider Transactions at AMETEK

In other news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction on Friday, August 7th. The stock was 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 trade represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Institutional Trading of AMETEK

Institutional investors have recently modified their holdings of the company. National Pension Service lifted its holdings in AMETEK by 1.6% in the 2nd quarter. National Pension Service now owns 338,990 shares of the technology company’s stock valued at $82,015,000 after acquiring an additional 5,382 shares during the last quarter. Wescott Financial Advisory Group LLC acquired a new position in shares of AMETEK in the 4th quarter worth approximately $1,122,000. Fifth Third Bancorp raised its holdings in shares of AMETEK by 1,060.3% in the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock worth $17,781,000 after purchasing an additional 75,799 shares in the last quarter. Groupe la Francaise raised its holdings in shares of AMETEK by 15.6% in the 2nd quarter. Groupe la Francaise now owns 154,326 shares of the technology company’s stock worth $37,361,000 after purchasing an additional 20,780 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in AMETEK by 93.0% during the first quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock valued at $55,025,000 after purchasing an additional 123,719 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Company Profile

AMETEK, Inc (NYSE: AME) is a global manufacturer of industrial technology products. The company develops and produces electronic instruments and electromechanical devices used in process, industrial, aerospace, power, energy, and other specialized markets.

AMETEK’s Electronic Instruments segment supplies products such as process and analytical instruments, measurement and testing equipment, power-quality monitoring systems, automation and control solutions, and equipment for aerospace and defense applications.