Melius Upgrades AMETEK (NYSE:AME) to “Buy”

AMETEK (NYSE:AME) was upgraded by stock analysts at Melius from a “hold” rating to a “buy” rating in a note issued to investors on Monday,Finviz reports. The firm presently has a $235.00 price target on the technology company’s stock. Melius’ target price indicates a potential upside of 10.90% from the stock’s previous close.

A number of other research firms also recently issued reports on AME. TD Cowen upgraded shares of AMETEK from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $230.00 in a research report on Tuesday, December 23rd. Royal Bank Of Canada upped their price objective on shares of AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Cowen upgraded AMETEK from a “sell” rating to a “buy” rating in a research note on Tuesday, December 23rd. KeyCorp increased their price target on AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Truist Financial raised their price objective on AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.91.

AMETEK Trading Up 1.3%

AME stock traded up $2.77 during midday trading on Monday, hitting $211.91. The stock had a trading volume of 400,891 shares, compared to its average volume of 622,914. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $198.84 and a two-hundred day moving average price of $189.05. AMETEK has a 1-year low of $145.02 and a 1-year high of $212.61. The firm has a market cap of $48.78 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 2.75 and a beta of 1.04.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. AMETEK had a return on equity of 16.66% and a net margin of 20.50%.The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, sell-side analysts predict that AMETEK will post 7.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AMETEK news, insider Thomas C. Marecic sold 14,310 shares of AMETEK stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $202.11, for a total value of $2,892,194.10. Following the sale, the insider owned 42,589 shares of the company’s stock, valued at approximately $8,607,662.79. The trade was a 25.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ronald J. Oscher sold 26,290 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $200.05, for a total transaction of $5,259,314.50. Following the sale, the insider owned 40,226 shares of the company’s stock, valued at approximately $8,047,211.30. The trade was a 39.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 163,378 shares of company stock valued at $32,471,654. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On AMETEK

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AME. Darwin Wealth Management LLC purchased a new stake in AMETEK during the 2nd quarter valued at about $25,000. ST Germain D J Co. Inc. raised its holdings in AMETEK by 628.6% in the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock worth $28,000 after purchasing an additional 132 shares in the last quarter. TruNorth Capital Management LLC purchased a new position in AMETEK during the 3rd quarter valued at about $31,000. NewSquare Capital LLC boosted its position in shares of AMETEK by 129.7% in the 2nd quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock worth $31,000 after purchasing an additional 96 shares in the last quarter. Finally, SouthState Corp grew its stake in shares of AMETEK by 47.4% in the second quarter. SouthState Corp now owns 202 shares of the technology company’s stock worth $37,000 after acquiring an additional 65 shares during the last quarter. 87.43% of the stock is currently owned by 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.