AMETEK (NYSE:AME) has been given a $88.00 price target by investment analysts at Wells Fargo & Co in a note issued to investors on Thursday. The firm presently has a “buy” rating on the technology company’s stock. Wells Fargo & Co’s price target would suggest a potential upside of 15.68% from the stock’s previous close.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, January 4th. Cowen reissued a “buy” rating and issued a $80.00 target price on shares of AMETEK in a research report on Friday, December 22nd. Oppenheimer reissued a “buy” rating and issued a $75.00 target price on shares of AMETEK in a research report on Thursday, December 21st. BMO Capital Markets reissued a “buy” rating and issued a $80.00 target price on shares of AMETEK in a research report on Monday, December 11th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of AMETEK in a research report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $75.83.

AMETEK (NYSE AME) traded up $0.04 during midday trading on Thursday, hitting $76.07. The company had a trading volume of 1,174,100 shares, compared to its average volume of 1,143,692. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. AMETEK has a 52-week low of $50.06 and a 52-week high of $76.44. The firm has a market cap of $17,580.00, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.23 and a beta of 1.36.

AMETEK (NYSE:AME) last released its earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. AMETEK had a return on equity of 16.48% and a net margin of 13.37%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.56 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. sell-side analysts predict that AMETEK will post 2.58 earnings per share for the current year.

In other AMETEK news, insider David A. Zapico sold 25,965 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares of the company’s stock, valued at approximately $14,393,329.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizebeth R. Varet sold 3,050 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total value of $219,081.50. Following the sale, the director now directly owns 117,930 shares in the company, valued at $8,470,911.90. The disclosure for this sale can be found here. Insiders have sold a total of 30,815 shares of company stock worth $2,209,220 over the last ninety days. 2.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of AME. Janus Henderson Group PLC boosted its stake in shares of AMETEK by 22,076.4% during the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock worth $387,870,000 after acquiring an additional 6,374,794 shares in the last quarter. Boston Partners boosted its stake in shares of AMETEK by 21.7% during the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after acquiring an additional 932,008 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AMETEK by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock worth $1,367,497,000 after acquiring an additional 687,292 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of AMETEK during the 2nd quarter worth about $15,287,000. Finally, Westfield Capital Management Co. LP boosted its stake in shares of AMETEK by 9.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,843,212 shares of the technology company’s stock worth $187,766,000 after acquiring an additional 244,892 shares in the last quarter. 84.77% of the stock is currently owned by institutional investors and hedge funds.

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AMETEK Company Profile

AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.

Analyst Recommendations for AMETEK (NYSE:AME)

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