AMETEK, Inc. (NYSE:AME – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $243.39 and traded as high as $246.71. AMETEK shares last traded at $246.4740, with a volume of 966,179 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Rothschild & Co Redburn lifted their price objective on AMETEK from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded AMETEK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada raised their target price on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Mizuho lifted their price target on AMETEK from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets upped their price target on AMETEK from $262.00 to $282.00 in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.41.
View Our Latest Stock Report on AMETEK
AMETEK Stock Performance
The business has a 50-day moving average of $243.39 and a two-hundred day moving average of $233.50.
AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Analysts anticipate that AMETEK, Inc. will post 8.41 EPS for the current year.
AMETEK Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th.
Insider Activity
In related news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
Hedge Funds Weigh In On AMETEK
A number of hedge funds have recently made changes to their positions in the business. National Pension Service boosted its stake in AMETEK by 1.6% in the 2nd quarter. National Pension Service now owns 338,990 shares of the technology company’s stock worth $82,015,000 after purchasing an additional 5,382 shares during the period. QRG Capital Management Inc. increased its holdings in AMETEK by 1,002.4% during the 2nd quarter. QRG Capital Management Inc. now owns 132,612 shares of the technology company’s stock worth $32,084,000 after purchasing an additional 120,583 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of AMETEK by 1,060.3% in the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after purchasing an additional 75,799 shares during the period. Groupe la Francaise raised its stake in shares of AMETEK by 15.6% in the 2nd quarter. Groupe la Francaise now owns 154,326 shares of the technology company’s stock valued at $37,361,000 after purchasing an additional 20,780 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of AMETEK by 93.0% in the first quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock valued at $55,025,000 after purchasing an additional 123,719 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.
AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.
The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.
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