AMETEK (NYSE:AME) Now Covered by Analysts at Vertical Research

Analysts at Vertical Research initiated coverage on shares of AMETEK (NYSE:AME) in a research note issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $255.00 price target on the technology company’s stock. Vertical Research’s target price suggests a potential upside of 7.23% from the company’s previous close.

A number of other equities research analysts also recently issued reports on AME. Royal Bank Of Canada increased their price target on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. DA Davidson upped their price objective on shares of AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. KeyCorp increased their price objective on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Citigroup raised their target price on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus target price of $266.06.

AMETEK Stock Performance

Shares of NYSE AME opened at $237.80 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The firm has a market cap of $54.50 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 3.04 and a beta of 0.99. The stock’s fifty day moving average price is $241.37 and its two-hundred day moving average price is $232.55. AMETEK has a one year low of $179.24 and a one year high of $261.16.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. AMETEK’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, equities analysts forecast that AMETEK will post 8.32 EPS for the current year.

Insiders Place Their Bets

In related news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On AMETEK

Hedge funds have recently made changes to their positions in the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in AMETEK in the fourth quarter valued at about $1,027,000. Wescott Financial Advisory Group LLC bought a new position in AMETEK in the 4th quarter valued at approximately $1,122,000. Fifth Third Bancorp raised its holdings in 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 buying an additional 75,799 shares during the last quarter. Jennison Associates LLC boosted its position in AMETEK by 93.0% during the 1st quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock worth $55,025,000 after buying an additional 123,719 shares during the period. Finally, Erste Asset Management GmbH grew its holdings in AMETEK by 191.8% during the 4th quarter. Erste Asset Management GmbH now owns 44,123 shares of the technology company’s stock worth $9,161,000 after acquiring an additional 29,002 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

About AMETEK

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.