AMETEK (NYSE:AME) Price Target Raised to $215.00 at KeyCorp

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

Several other analysts have also weighed in on the company. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada cut their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Mizuho raised their price objective 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 stock a “neutral” rating in a report on Monday, November 4th. Finally, Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

AMETEK Stock Down 0.1 %

AMETEK stock opened at $197.12 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK has a one year low of $149.03 and a one year high of $198.33. The company has a 50-day simple moving average of $177.04 and a 200-day simple moving average of $170.91. The firm has a market capitalization of $45.60 billion, a P/E ratio of 34.34, a P/E/G ratio of 3.22 and a beta of 1.16.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $1.64 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that AMETEK will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

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

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,913 shares of company stock valued at $4,636,404. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On AMETEK

Several institutional investors and hedge funds have recently bought and sold shares of AME. Pitcairn Co. bought a new stake in AMETEK in the first quarter valued at about $224,000. CreativeOne Wealth LLC bought a new position in shares of AMETEK during the 1st quarter worth approximately $388,000. Canada Pension Plan Investment Board boosted its stake in AMETEK by 9.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 170,233 shares of the technology company’s stock valued at $31,136,000 after buying an additional 14,749 shares in the last quarter. Epoch Investment Partners Inc. grew its position in AMETEK by 83.5% in the first quarter. Epoch Investment Partners Inc. now owns 190,470 shares of the technology company’s stock valued at $34,837,000 after acquiring an additional 86,693 shares during the period. Finally, Magnetar Financial LLC acquired a new position in AMETEK during the first quarter worth $534,000. Institutional investors own 87.43% of the company’s stock.

About AMETEK

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.