AMETEK, Inc. (NYSE:AME – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $243.90 and last traded at $243.6850, with a volume of 151014 shares. The stock had previously closed at $235.38.
Wall Street Analysts Forecast Growth
AME has been the subject of a number of recent analyst reports. BMO Capital Markets began coverage on shares of AMETEK in a research report on Friday, March 27th. They set an “outperform” rating and a $253.00 price target for the company. DA Davidson reiterated a “buy” rating and issued a $265.00 price objective on shares of AMETEK in a research report on Monday, May 4th. Truist Financial restated a “buy” rating and set a $275.00 target price (up from $265.00) on shares of AMETEK in a research report on Monday, May 4th. Rothschild & Co Redburn set a $265.00 target price on AMETEK in a research note on Thursday, June 18th. Finally, Barclays lifted their price target on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.57.
AMETEK Stock Performance
AMETEK (NYSE:AME – Get Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business earned $1.75 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, equities research analysts forecast that AMETEK, Inc. will post 8.13 EPS for the current year.
AMETEK Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. CoreCap Advisors LLC grew its holdings in shares of AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. MV Capital Management Inc. purchased a new stake in AMETEK during the fourth quarter valued at about $28,000. Brown Lisle Cummings Inc. grew its stake in shares of AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after buying an additional 123 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of AMETEK in the second quarter worth about $25,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of AMETEK by 393.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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