Weekly Analysts’ Ratings Updates for AMETEK (AME)

Several analysts have recently updated their ratings and price targets for AMETEK (NYSE: AME):

  • 2/7/2018 – AMETEK had its price target raised by analysts at Morgan Stanley from $67.00 to $76.00. They now have an “overweight” rating on the stock.
  • 2/5/2018 – AMETEK was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “AMETEK reported strong fourth-quarter 2017 results. Both earnings and revenues increased on a year-over-year basis. Management provided positive guidance for the first quarter and full year driven by strong organic growth as well as meaningful contribution from acquisitions. AMETEK continues to reap the benefits from the execution of its four core growth strategies of operational excellence, global market expansion, investments in product development and strategic acquisitions. This, in combination with a strong portfolio of differentiated businesses is helping it to post better results. However, weakness in its balance sheet, integration issues and an overly high goodwill associated with an aggressive acquisition strategy are concerns. AMETEK shares have outperformed the industry in the past one-year.”
  • 2/2/2018 – AMETEK had its price target raised by analysts at BMO Capital Markets from $88.00 to $90.00. They now have an “outperform” rating on the stock.
  • 2/2/2018 – AMETEK had its price target raised by analysts at KeyCorp from $82.00 to $86.00. They now have an “overweight” rating on the stock.
  • 2/1/2018 – AMETEK had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $92.00 price target on the stock.
  • 1/26/2018 – AMETEK had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $88.00 price target on the stock.
  • 1/19/2018 – AMETEK had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $82.00 price target on the stock.
  • 1/18/2018 – AMETEK was given a new $88.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 1/4/2018 – AMETEK was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $82.00 price target on the stock. According to Zacks, “AMETEK's stock has outperformed the industry in the past 12 months. The company continues to reap the benefits from the execution of its four core growth strategies of operational excellence, global market expansion, investments in product development and strategic acquisitions. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results, going forward. However, weakness in its balance sheet, integration issues and an overly high goodwill associated with an aggressive acquisition strategy are concerns. Foreign exchange headwinds remain.”
  • 1/3/2018 – AMETEK was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMETEK is one of the leading manufacturers of electronic appliances and electromechanical devices. It continues to reap the benefits from the execution of its four core growth strategies of operational excellence, global market expansion, investments in product development and strategic acquisitions. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results, going forward. However, weakness in its balance sheet, integration issues and an overly high goodwill associated with an aggressive acquisition strategy are concerns. Foreign exchange headwinds remain. Notably, in past 12 months, the stock has outperformed the industry.”
  • 12/22/2017 – AMETEK had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $80.00 price target on the stock.
  • 12/21/2017 – AMETEK had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $75.00 price target on the stock.

Shares of AMETEK, Inc. (NYSE AME) opened at $72.30 on Monday. The firm has a market capitalization of $16,709.78, a P/E ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70. AMETEK, Inc. has a fifty-two week low of $52.42 and a fifty-two week high of $78.51.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. analysts predict that AMETEK, Inc. will post 3.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be issued a dividend of $0.14 per share. This is a boost from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 15th. AMETEK’s dividend payout ratio (DPR) is presently 12.24%.

In other AMETEK news, VP William D. Eginton sold 16,368 shares of AMETEK stock in a transaction on Monday, February 5th. The stock was sold at an average price of $77.00, for a total value of $1,260,336.00. Following the completion of the transaction, the vice president now directly owns 59,054 shares of the company’s stock, valued at approximately $4,547,158. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizebeth R. Varet sold 3,050 shares of AMETEK stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the transaction, the director now directly owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,478 shares of company stock valued at $3,939,918. 2.10% of the stock is currently owned by insiders.

AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.

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