Truist Financial Issues Positive Forecast for AMETEK (NYSE:AME) Stock Price

AMETEK (NYSE:AME) had its price target lifted by analysts at Truist Financial from $275.00 to $303.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s target price would indicate a potential upside of 27.68% from the stock’s previous close.

A number of other research analysts have also weighed in on AME. Mizuho set a $270.00 price objective on AMETEK in a report on Friday, May 1st. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. Barclays raised their price target on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Citigroup assumed coverage on shares of AMETEK in a research note on Monday, June 15th. They set a “neutral” rating and a $257.00 price objective for the company. Finally, BMO Capital Markets started coverage on shares of AMETEK in a report on Friday, March 27th. They issued an “outperform” rating and a $253.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.57.

AMETEK Stock Down 1.9%

AME stock opened at $237.31 on Thursday. The stock has a market capitalization of $54.39 billion, a P/E ratio of 35.85, a P/E/G ratio of 3.39 and a beta of 0.98. AMETEK has a 52 week low of $174.43 and a 52 week high of $244.71. The firm has a 50-day simple moving average of $230.95 and a 200-day simple moving average of $224.06. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last posted its quarterly earnings data 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. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.AMETEK’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Equities analysts forecast that AMETEK will post 8.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new position in shares of AMETEK during the 2nd quarter worth approximately $295,000. Baird Financial Group Inc. lifted its stake in AMETEK by 16.1% during the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 2,323 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after buying an additional 1,555 shares during the period. Sei Investments Co. boosted its position in shares of AMETEK by 38.2% during the second quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after buying an additional 61,672 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of AMETEK by 105.3% in the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after buying an additional 81,178 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.