AMETEK (NYSE:AME) Upgraded to Hold at Citigroup

AMETEK (NYSE:AME) was upgraded by analysts at Citigroup to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their target price on AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Weiss Ratings downgraded AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of AMETEK in a research note on Monday, May 4th. Truist Financial restated a “buy” rating and set a $275.00 price objective (up from $265.00) on shares of AMETEK in a research report on Monday, May 4th. Finally, Mizuho set a $270.00 target price on AMETEK in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $252.69.

AMETEK Stock Up 0.8%

Shares of NYSE AME opened at $232.19 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 3.23 and a beta of 1.00. AMETEK has a 12 month low of $174.43 and a 12 month high of $243.18. The stock has a 50-day moving average price of $229.45 and a two-hundred day moving average price of $221.05.

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

Insider Buying and Selling

In related news, Director Thomas A. Amato sold 530 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the sale, the director directly owned 4,480 shares in the company, valued at $971,174.40. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Trading of AMETEK

Several institutional investors have recently added to or reduced their stakes in AME. Norges Bank bought a new stake in AMETEK in the fourth quarter valued at approximately $831,372,000. Wellington Management Group LLP boosted its holdings in shares of AMETEK by 302.9% during the 4th quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after buying an additional 2,110,818 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of AMETEK by 539.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock worth $219,796,000 after buying an additional 903,061 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of AMETEK by 825.0% during the 4th quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after buying an additional 760,410 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of AMETEK by 35.7% during the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after buying an additional 695,419 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

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.