AMETEK (NYSE:AME) Stock Rating Upgraded by Citigroup

AMETEK (NYSE:AME) was upgraded by equities researchers at Citigroup to a “hold” rating in a report issued on Monday,Zacks.com reports.

AME has been the topic of a number of other research reports. Morgan Stanley upped their target price on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. Weiss Ratings cut shares of AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Truist Financial reaffirmed a “buy” rating and issued a $275.00 target price (up from $265.00) on shares of AMETEK in a research report on Monday, May 4th. BMO Capital Markets started coverage on shares of AMETEK in a research report on Friday, March 27th. They issued an “outperform” rating and a $253.00 target price on the stock. Finally, Wall Street Zen cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.69.

AMETEK Trading Up 0.8%

Shares of AME stock opened at $232.19 on Monday. The company’s 50-day moving average price is $229.45 and its 200-day moving average price is $221.05. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The stock has a market cap of $53.22 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 3.23 and a beta of 1.00. AMETEK has a twelve month low of $174.43 and a twelve month high of $243.18.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities analysts predict that AMETEK will post 8.13 earnings per share for the current year.

Insider Activity

In other news, Director Thomas A. Amato sold 530 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director owned 4,480 shares of the company’s stock, valued at approximately $971,174.40. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of AMETEK

A number of large investors have recently made changes to their positions in AME. Norges Bank purchased a new stake in shares of AMETEK during the fourth quarter worth approximately $831,372,000. Wellington Management Group LLP increased its stake in shares of AMETEK by 302.9% during the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after buying an additional 2,110,818 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of AMETEK by 539.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock worth $219,796,000 after buying an additional 903,061 shares during the period. Nordea Investment Management AB increased its stake in shares of AMETEK by 825.0% during the fourth quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after buying an additional 760,410 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of AMETEK by 35.7% during the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after buying an additional 695,419 shares during the period. 87.43% of the stock is currently owned by hedge funds and other 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.