AMETEK (NYSE:AME) Price Target Raised to $290.00
by Jessica Moore · The Cerbat GemAMETEK (NYSE:AME – Free Report) had its price target raised by BNP Paribas Exane from $280.00 to $290.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.
Other research analysts have also issued research reports about the stock. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a report on Thursday, June 18th. Robert W. Baird set a $275.00 price objective on shares of AMETEK in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. TD Cowen reissued a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their target price on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $266.69.
Check Out Our Latest Report on AME
AMETEK Stock Up 0.0%
Shares of NYSE:AME opened at $241.97 on Friday. The firm has a market cap of $55.46 billion, a P/E ratio of 35.38, a P/E/G ratio of 3.09 and a beta of 0.99. AMETEK has a 12-month low of $179.24 and a 12-month high of $261.16. The business has a fifty day simple moving average of $241.42 and a 200 day simple moving average of $232.69. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The firm 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%.The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Analysts predict that AMETEK will post 8.32 earnings per share for the current year.
AMETEK Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.34 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s payout ratio is currently 19.88%.
Insider Activity
In related news, insider David Hermance sold 6,608 shares of the stock in a transaction 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 of the company’s stock, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.
Hedge Funds Weigh In On AMETEK
Institutional investors have recently made changes to their positions in the stock. Frazier Financial Advisors LLC bought a new stake in AMETEK in the 2nd quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in AMETEK in the second quarter worth approximately $27,000. Elevation Wealth Partners LLC grew its stake in AMETEK by 239.5% in the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock valued at $31,000 after acquiring an additional 91 shares during the period. MV Capital Management Inc. acquired a new stake in AMETEK in the fourth quarter valued at approximately $28,000. Finally, Brown Lisle Cummings Inc. increased its holdings in shares of AMETEK by 878.6% during the first 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 in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
About AMETEK
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.
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