AMETEK (NYSE:AME) Price Target Raised to $260.00 at Royal Bank Of Canada

by · The Cerbat Gem

AMETEK (NYSE:AMEFree Report) had its target price raised by Royal Bank Of Canada from $259.00 to $260.00 in a research report sent to investors on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Truist Financial set a $265.00 price objective on shares of AMETEK in a research note on Wednesday, February 4th. Barclays raised their price objective on shares of AMETEK from $210.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Melius Research set a $235.00 price objective on shares of AMETEK in a research note on Monday, January 5th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of AMETEK in a research note on Wednesday, January 21st. They issued a “buy” rating and a $271.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.58.

Get Our Latest Stock Report on AMETEK

AMETEK Price Performance

NYSE:AME traded down $5.50 during trading hours on Friday, reaching $230.00. 1,989,271 shares of the company’s stock were exchanged, compared to its average volume of 1,103,979. The company has a market capitalization of $52.68 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03. AMETEK has a 12 month low of $167.75 and a 12 month high of $242.05. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $225.56 and its two-hundred day simple moving average is $212.81.

AMETEK (NYSE:AMEGet Free Report) last issued its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Sell-side analysts expect that AMETEK will post 8.03 EPS for the current fiscal year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.34 dividend. This is a boost from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, March 16th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is 21.25%.

Insider Buying and Selling

In related news, Director Thomas A. Amato sold 530 shares of AMETEK stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total value of $114,893.40. Following the transaction, the director owned 4,480 shares in the company, valued at $971,174.40. This trade represents a 10.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Institutional Trading of AMETEK

Several hedge funds and other institutional investors have recently bought and sold shares of AME. Sivia Capital Partners LLC acquired a new stake in AMETEK in the 2nd quarter worth $295,000. Baird Financial Group Inc. grew its position in AMETEK by 16.1% in the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 2,323 shares during the last quarter. NewEdge Advisors LLC grew its position in AMETEK by 65.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after purchasing an additional 1,555 shares during the last quarter. Sei Investments Co. grew its position in AMETEK by 38.2% in the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after purchasing an additional 61,672 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in AMETEK by 105.3% in the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after purchasing an additional 81,178 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting AMETEK

Here are the key news stories impacting AMETEK this week:

AMETEK Company Profile

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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.

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