KeyCorp reissued their buy rating on shares of AMETEK (NYSE:AME) in a research note published on Friday. They currently have a $82.00 price target on the technology company’s stock. KeyCorp also issued estimates for AMETEK’s FY2018 earnings at $3.01 EPS.

AME has been the subject of a number of other research reports. Robert W. Baird boosted their price objective on AMETEK from $70.00 to $77.00 and gave the company an outperform rating in a report on Friday, November 3rd. Jefferies Group boosted their price objective on AMETEK from $66.00 to $77.00 and gave the company a buy rating in a report on Friday, October 13th. Oppenheimer reiterated a buy rating and issued a $75.00 target price on shares of AMETEK in a report on Thursday, December 21st. Cowen reiterated a buy rating and issued a $80.00 target price on shares of AMETEK in a report on Friday, December 22nd. Finally, Morgan Stanley upped their target price on AMETEK from $64.00 to $67.00 and gave the stock an equal weight rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $75.83.

AMETEK (AME) opened at $76.98 on Friday. AMETEK has a 1-year low of $50.06 and a 1-year high of $77.32. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $17,791.40, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.24 and a beta of 1.36.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned $0.56 EPS. AMETEK’s revenue was up 14.8% compared to the same quarter last year. equities analysts expect that AMETEK will post 2.58 earnings per share for the current year.

In other AMETEK news, VP Thomas M. Montgomery sold 1,800 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total value of $126,630.00. Following the completion of the sale, the vice president now directly owns 19,947 shares in the company, valued at approximately $1,403,271.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizebeth R. Varet sold 3,050 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the sale, the director now owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The disclosure for this sale can be found here. Insiders sold a total of 30,815 shares of company stock valued at $2,209,220 over the last quarter. Company insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AME. CIBC World Markets Inc. bought a new position in shares of AMETEK in the 2nd quarter worth $290,000. Nationwide Fund Advisors raised its position in shares of AMETEK by 70.7% in the 2nd quarter. Nationwide Fund Advisors now owns 108,615 shares of the technology company’s stock worth $6,579,000 after acquiring an additional 45,000 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of AMETEK in the 2nd quarter worth $151,000. Stevens Capital Management LP bought a new position in shares of AMETEK in the 2nd quarter worth $807,000. Finally, Laurion Capital Management LP bought a new position in shares of AMETEK in the 2nd quarter worth $618,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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About AMETEK

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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