Zacks Research Upgrades AMETEK (NYSE:AME) to “Strong-Buy”

AMETEK (NYSE:AME) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial lifted their price objective on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley raised their price target on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. BNP Paribas Exane lifted their price target on AMETEK from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 11th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Finally, Citigroup increased their price objective on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $267.00.

AMETEK Stock Performance

Shares of AMETEK stock opened at $248.38 on Tuesday. The business has a 50-day simple moving average of $244.55 and a 200-day simple moving average of $235.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK has a one year low of $179.24 and a one year high of $261.16. The company has a market cap of $56.93 billion, a PE ratio of 36.31, a P/E/G ratio of 2.40 and a beta of 0.96.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’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 research analysts forecast that AMETEK will post 8.42 EPS for the current fiscal year.

Insider Activity

In other news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of AMETEK

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in AMETEK in the 2nd quarter valued at about $4,725,928,000. Flossbach Von Storch SE acquired a new stake in AMETEK during the 2nd quarter worth approximately $662,352,000. Bank of New York Mellon Corp purchased a new position in shares of AMETEK in the 2nd quarter valued at approximately $624,725,000. Bank of America Corp DE purchased a new position in shares of AMETEK in the 2nd quarter valued at approximately $391,801,000. Finally, Man Group plc acquired a new position in shares of AMETEK in the second quarter valued at approximately $356,499,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

About AMETEK

AMETEK, Inc (NYSE: AME) is a global manufacturer of industrial technology products. The company develops and produces electronic instruments and electromechanical devices used in process, industrial, aerospace, power, energy, and other specialized markets.

AMETEK’s Electronic Instruments segment supplies products such as process and analytical instruments, measurement and testing equipment, power-quality monitoring systems, automation and control solutions, and equipment for aerospace and defense applications.