Truist Financial Raises AMETEK (NYSE:AME) Price Target to $303.00

AMETEK (NYSE:AME) had its price target lifted by research analysts at Truist Financial from $275.00 to $303.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s price target suggests a potential upside of 27.68% from the company’s current price.

AME has been the subject of a number of other reports. DA Davidson reiterated a “buy” rating and issued a $265.00 target price on shares of AMETEK in a report on Monday, May 4th. Robert W. Baird set a $244.00 price target on AMETEK in a research report on Friday, May 1st. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Rothschild & Co Redburn set a $265.00 price objective on AMETEK in a research report on Thursday, June 18th. Finally, Barclays raised their target price on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.57.

AMETEK Trading Down 1.9%

Shares of AME stock opened at $237.31 on Thursday. AMETEK has a fifty-two week low of $174.43 and a fifty-two week high of $244.71. The company has a 50 day moving average price of $230.95 and a 200 day moving average price of $224.06. The stock has a market capitalization of $54.39 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Equities research analysts predict that AMETEK will post 8.13 EPS for the current fiscal year.

Institutional Investors Weigh In On AMETEK

Several hedge funds and other institutional investors have recently made changes to their positions in AME. Darwin Wealth Management LLC acquired a new stake in AMETEK during the 2nd quarter worth $25,000. CoreCap Advisors LLC increased its position in shares of AMETEK by 84.3% during the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of AMETEK during the fourth quarter worth about $28,000. Brown Lisle Cummings Inc. lifted its holdings in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Finally, BOKF NA lifted its holdings in shares of AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

About AMETEK

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.