Royal Bank Of Canada Issues Positive Forecast for AMETEK (NYSE:AME) Stock Price

AMETEK (NYSE:AME) had its price objective raised by Royal Bank Of Canada from $212.00 to $229.00 in a research report report published on Friday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other research firms have also recently commented on AME. DA Davidson increased their price target on AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 1st. Truist Financial increased their price target on AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. TD Cowen raised AMETEK from a “sell” rating to a “hold” rating and raised their target price for the stock from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Morgan Stanley raised their target price on AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.50.

AMETEK Price Performance

NYSE:AME opened at $202.51 on Friday. AMETEK has a one year low of $145.02 and a one year high of $204.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The stock has a market cap of $46.77 billion, a PE ratio of 32.61, a P/E/G ratio of 2.64 and a beta of 1.11. The stock has a 50 day moving average price of $186.73 and a 200 day moving average price of $180.59.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. Equities research analysts expect that AMETEK will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AMETEK by 1.9% during the second quarter. Vanguard Group Inc. now owns 26,997,665 shares of the technology company’s stock worth $4,885,497,000 after buying an additional 513,402 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of AMETEK by 21.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company’s stock worth $1,888,385,000 after buying an additional 1,908,742 shares during the period. State Street Corp boosted its position in shares of AMETEK by 1.3% during the second quarter. State Street Corp now owns 9,637,303 shares of the technology company’s stock worth $1,743,966,000 after buying an additional 126,105 shares during the period. Geode Capital Management LLC boosted its position in shares of AMETEK by 1.8% during the second quarter. Geode Capital Management LLC now owns 5,794,236 shares of the technology company’s stock worth $1,044,009,000 after buying an additional 104,139 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of AMETEK by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 5,747,368 shares of the technology company’s stock worth $989,352,000 after buying an additional 154,682 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.