AMETEK (NYSE:AME) had its target price increased by research analysts at KeyCorp from $82.00 to $86.00 in a research report issued on Friday. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target suggests a potential upside of 10.38% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Jefferies Group increased their price objective on AMETEK from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of AMETEK in a report on Friday, October 13th. Robert W. Baird reiterated a “buy” rating and issued a $70.00 price objective on shares of AMETEK in a report on Friday, October 6th. Stifel Nicolaus set a $70.00 price objective on AMETEK and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Oppenheimer reiterated a “buy” rating and issued a $75.00 price objective on shares of AMETEK in a report on Thursday, December 21st. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $78.67.
Shares of AMETEK (AME) opened at $77.91 on Friday. AMETEK has a 52 week low of $50.44 and a 52 week high of $78.51. The company has a market capitalization of $17,634.24 and a price-to-earnings ratio of 32.74. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.
In other news, VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the completion of the transaction, the vice president now directly owns 19,947 shares in the company, valued at $1,403,271.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizebeth R. Varet sold 3,050 shares of the firm’s 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 transaction, the director now owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The disclosure for this sale can be found here. Insiders have sold 30,815 shares of company stock valued at $2,209,220 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.
Large investors have recently modified their holdings of the company. North Star Asset Management Inc. increased its holdings in AMETEK by 0.7% in the 4th quarter. North Star Asset Management Inc. now owns 135,437 shares of the technology company’s stock worth $9,815,000 after buying an additional 895 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in AMETEK in the 4th quarter worth about $491,000. Dean Capital Investments Management LLC bought a new stake in AMETEK in the 4th quarter worth about $223,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AMETEK by 30.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,216 shares of the technology company’s stock worth $3,784,000 after buying an additional 12,084 shares in the last quarter. Finally, Dupont Capital Management Corp increased its holdings in AMETEK by 161.9% in the 4th quarter. Dupont Capital Management Corp now owns 154,407 shares of the technology company’s stock worth $11,190,000 after buying an additional 95,458 shares in the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.
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About AMETEK
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.
