AMETEK (NYSE:AME) Given New $215.00 Price Target at KeyCorp

AMETEK (NYSE:AME) had its target price lifted by KeyCorp from $205.00 to $215.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts also recently issued reports on the stock. Truist Financial boosted their target price on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho boosted their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird boosted their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Finally, TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $199.29.

AMETEK Stock Up 0.8 %

Shares of NYSE AME opened at $197.37 on Friday. The company has a market capitalization of $45.65 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.16. AMETEK has a 52-week low of $149.03 and a 52-week high of $197.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company’s 50 day moving average price is $176.46 and its 200-day moving average price is $170.70.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company earned $1.64 EPS. AMETEK’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast that AMETEK will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at $4,006,454.91. This represents a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Trading of AMETEK

Several institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC grew its stake in shares of AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Toronto Dominion Bank grew its position in AMETEK by 0.8% during the third quarter. Toronto Dominion Bank now owns 130,622 shares of the technology company’s stock valued at $22,429,000 after buying an additional 1,057 shares during the period. Coldstream Capital Management Inc. grew its position in AMETEK by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 5,397 shares of the technology company’s stock valued at $934,000 after buying an additional 251 shares during the period. Geode Capital Management LLC grew its position in AMETEK by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company’s stock valued at $924,308,000 after buying an additional 45,459 shares during the period. Finally, Roffman Miller Associates Inc. PA grew its position in AMETEK by 2.9% during the third quarter. Roffman Miller Associates Inc. PA now owns 133,970 shares of the technology company’s stock valued at $23,004,000 after buying an additional 3,767 shares during the period. Institutional investors own 87.43% of the company’s stock.

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.