Key Points
- AMETEK insider David Hermance sold 6,608 shares at an average price of $254, generating $1.68 million and reducing his ownership by 13.45% to 42,509 shares.
- AMETEK reported a strong quarter, with EPS of $2.09 beating estimates by $0.10 and revenue of $2.04 billion exceeding forecasts; revenue rose 15% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $266.80, while AMETEK declared a quarterly dividend of $0.34 per share, yielding approximately 0.5%.
AMETEK, Inc. (NYSE:AME - Get Free Report) insider David Hermance sold 6,608 shares of AMETEK stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the completion of the sale, the insider owned 42,509 shares in the company, valued at $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
AMETEK Trading Down 0.4%
AMETEK stock opened at $252.74 on Tuesday. The company has a market cap of $57.93 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 3.24 and a beta of 0.98. The firm has a 50-day moving average of $236.68 and a 200-day moving average of $230.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. AMETEK, Inc. has a one year low of $179.24 and a one year high of $257.95.
AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. AMETEK's quarterly revenue was up 15.0% on a year-over-year basis. 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 expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.
AMETEK Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. AMETEK's payout ratio is 19.88%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Rothschild & Co Redburn set a $265.00 price objective on AMETEK in a report on Thursday, June 18th. KeyCorp upped their price target on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Barclays lifted their price objective on shares of AMETEK from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of AMETEK from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned 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 $266.80.
Get Our Latest Stock Analysis on AME
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Frazier Financial Advisors LLC bought a new stake in shares of AMETEK in the second quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in AMETEK during the second quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in AMETEK during the 4th quarter worth $28,000. Brown Lisle Cummings Inc. raised its holdings in AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Finally, BOKF NA raised its holdings in AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company's stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. 87.43% of the stock is owned by institutional investors.
AMETEK Company Profile
(
Get Free Report)
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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