AMETEK (NYSE:AME) Reaches New 12-Month High – What’s Next?
by Amy Steele · The Cerbat GemShares of AMETEK, Inc. (NYSE:AME – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $204.43 and last traded at $202.02, with a volume of 1489913 shares traded. The stock had previously closed at $203.84.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on AME shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Truist Financial boosted their target price on AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. KeyCorp raised their price target on shares of AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Robert W. Baird increased their target price on shares of AMETEK from $198.00 to $204.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $213.08.
Read Our Latest Stock Analysis on AME
AMETEK Trading Up 0.1%
The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $192.57 and its 200-day moving average price is $186.14. The company has a market cap of $46.49 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.87 and a beta of 1.04.
AMETEK (NYSE:AME – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. AMETEK had a net margin of 20.50% and a return on equity of 16.66%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, equities analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.
AMETEK Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 5th. AMETEK’s payout ratio is 19.56%.
Insider Transactions at AMETEK
In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $200.05, for a total value of $5,259,314.50. Following the transaction, the insider directly owned 40,226 shares of the company’s stock, valued at $8,047,211.30. This trade represents a 39.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David A. Zapico sold 28,390 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.76, for a total transaction of $5,727,966.40. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 142,680 shares of company stock worth $28,269,601 over the last quarter. Corporate insiders own 0.57% of the company’s stock.
Institutional Trading of AMETEK
Large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in shares of AMETEK by 2.0% during the 3rd quarter. Parallel Advisors LLC now owns 2,766 shares of the technology company’s stock valued at $520,000 after purchasing an additional 53 shares during the last quarter. Biltmore Wealth Management LLC boosted its stake in shares of AMETEK by 1.1% during the third quarter. Biltmore Wealth Management LLC now owns 4,771 shares of the technology company’s stock valued at $897,000 after purchasing an additional 54 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of AMETEK by 3.2% in the third quarter. Brooklyn Investment Group now owns 1,735 shares of the technology company’s stock valued at $326,000 after buying an additional 54 shares during the period. Cim LLC raised its holdings in AMETEK by 0.7% in the 3rd quarter. Cim LLC now owns 7,645 shares of the technology company’s stock valued at $1,437,000 after buying an additional 56 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its position in AMETEK by 3.0% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,070 shares of the technology company’s stock worth $389,000 after buying an additional 60 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.
AMETEK Company Profile
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
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