In yesterday’s Wall Street session, AMETEK Inc. (NYSE:AME) shares traded at $159.45, up 0.54% from the previous session.
As of this writing, 18 analysts cover AMETEK Inc. (NYSE:AME). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $155.00, we find $162.00. Given the previous closing price of $158.60, this indicates a potential upside of 2.14 percent. AME stock price is now 3.24% away from the 50-day moving average and 11.69% away from the 200-day moving average. The market capitalization of the company currently stands at $36.66B.
There are 8 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $166.26 as their price target over the next twelve months.
In other news, Kohlhagen Steven W, Director sold 1,690 shares of the company’s stock on Jun 06. The stock was sold for $251,879 at an average price of $149.04. Upon completion of the transaction, the Director now directly owns 33,474 shares in the company, valued at $5.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, CHIEF COMMERCIAL OFFICER Speranza Emanuela sold 3,085 shares of the business’s stock. A total of $448,404 was realized by selling the stock at an average price of $145.35. This leaves the insider owning 27,775 shares of the company worth $4.43 million. Insiders disposed of 366,899 shares of company stock worth roughly $58.5 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AME stock. A new stake in AMETEK Inc. shares was purchased by STRS OHIO during the first quarter worth $65,455,000. ARDEVORA ASSET MANAGEMENT LLP invested $34,601,000 in shares of AME during the first quarter. In the first quarter, JANNEY MONTGOMERY SCOTT LLC acquired a new stake in AMETEK Inc. valued at approximately $18,733,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in AME for approximately $12,747,000. WOODLINE PARTNERS LP purchased a new stake in AME valued at around $11,449,000 in the second quarter. In total, there are 1,118 active investors with 89.00% ownership of the company’s stock.
Tuesday morning saw AMETEK Inc. (NYSE: AME) opened at $157.58. During the past 12 months, AMETEK Inc. has had a low of $110.87 and a high of $162.69. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 1.80, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $38.60B, which is based on a 30.89 price-to-earnings ratio, a 3.09 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for AME is $154.67 and a two-hundred day moving average price translates $142.99 for the stock.
The latest earnings results from AMETEK Inc. (NYSE: AME) was released for Mar, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $1.49, beating analysts’ expectations of $1.41 by 0.08. This compares to $1.17 EPS in the same period last year. The net profit margin was 19.00% and return on equity was 16.30% for AME. The company reported revenue of $1.6 billion for the quarter, compared to $1.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.5 percent. For the current quarter, analysts expect AME to generate $1.64B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/12/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.63% percent yield. There was an ex-dividend date of 06/09/2023 for this dividend. In terms of dividend payout ratio, AME is presently at 17.50%.
AMETEK Inc.(AME) Company Profile
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers. This segment also operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and educational communication solutions. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.
