AMETEK (NYSE:AME) Sets New 52-Week High – Still a Buy?

AMETEK, Inc. (NYSE:AME)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $243.90 and last traded at $243.6850, with a volume of 151014 shares traded. The stock had previously closed at $235.38.

Analysts Set New Price Targets

AME has been the subject of a number of analyst reports. Citigroup initiated coverage on AMETEK in a research note on Monday, June 15th. They set a “neutral” rating and a $257.00 price objective for the company. Mizuho set a $270.00 price target on shares of AMETEK in a report on Friday, May 1st. Weiss Ratings cut shares of AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Morgan Stanley upped their price objective on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. Finally, Robert W. Baird set a $244.00 target price on shares of AMETEK in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $253.57.

AMETEK Stock Performance

The business has a fifty day moving average of $230.40 and a 200 day moving average of $222.67. The company has a market cap of $55.34 billion, a P/E ratio of 36.47, a P/E/G ratio of 3.28 and a beta of 1.00. 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 released 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. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, equities analysts predict that AMETEK, Inc. will post 8.13 EPS for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s payout ratio is currently 20.54%.

Institutional Trading of AMETEK

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in shares of AMETEK during the 1st quarter worth approximately $132,000. DV Trading LLC lifted its stake in shares of AMETEK by 175.0% in the 1st quarter. DV Trading LLC now owns 1,100 shares of the technology company’s stock valued at $236,000 after purchasing an additional 700 shares during the period. Parallel Advisors LLC boosted its position in shares of AMETEK by 9.8% during the first quarter. Parallel Advisors LLC now owns 3,237 shares of the technology company’s stock valued at $694,000 after purchasing an additional 289 shares in the last quarter. NewEdge Advisors LLC grew its stake in AMETEK by 11.7% in the first quarter. NewEdge Advisors LLC now owns 5,426 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 569 shares during the period. Finally, Axiom Investment Management LLC bought a new position in AMETEK in the first quarter worth $91,000. 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.