At the time of writing, Ametek Inc [AME] stock is trading at $180.68, up 0.28%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AME shares have gain 1.39% over the last week, with a monthly amount glided 11.50%, and seem to be holding up well over a long-time horizon.
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On 9, February 2024, AMETEK Increases Quarterly Dividend. In a post published today on Yahoo Finance, AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved a 12% increase in its quarterly cash dividend on common stock to $0.28 per share from $0.25 per share. The dividend is payable on March 28, 2024 to shareholders of record as of March 8, 2024. This dividend increase will raise the indicated annual rate to $1.12 per share.
From an analyst’s perspective:
Ametek Inc [NYSE: AME] stock has seen the most recent analyst activity on November 27, 2023, when TD Cowen downgraded its rating to a Market Perform and also revised its price target to $160 from $165. Previously, Exane BNP Paribas started tracking the stock with Neutral rating on October 05, 2023, and set its price target to $159. On August 07, 2023, Seaport Research Partners initiated with a Buy rating and assigned a price target of $195 on the stock. Wolfe Research downgraded its rating to a Peer Perform. BofA Securities downgraded its rating to a Neutral and reduced its price target to $122 on July 11, 2022. Mizuho started tracking with a Buy rating for this stock on December 17, 2021, and assigned it a price target of $159. In a note dated December 14, 2021, Wolfe Research upgraded an Outperform rating on this stock and boosted its target price from $162 to $166.
For the past year, the stock price of Ametek Inc fluctuated between $131.52 and $180.74. Currently, Wall Street analysts expect the stock to reach $147.83 within the next 12 months. Ametek Inc [NYSE: AME] shares were valued at $180.68 at the most recent close of the market. An investor can expect a potential drop of -18.18% based on the average AME price forecast.
Analyzing the AME fundamentals
According to Ametek Inc [NYSE:AME], the company’s sales were 6.60B for trailing twelve months, which represents an 6.47% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 179.68 points at the first support level, and at 178.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.55, and for the 2nd resistance point, it is at 182.41.
Ametek Inc [AME] reported earnings per share of $1.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.63/share, meaning a difference of $0.05 and a surprise factor of 3.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.64 per share as compared to estimates of $1.58 per share, a difference of $0.06 representing a surprise of 3.80%.
Ratios To Look Out For
It is important to note that Ametek Inc [NYSE:AME] has a current ratio of 0.98. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 6.33, the price to book ratio is 4.78 and price to earnings (TTM) ratio is 31.85.
Transactions by insiders
Recent insider trading involved Speranza Emanuela, CHIEF COMMERCIAL OFFICER, that happened on Feb 15 when 2909.0 shares were sold. Executive VP – CFO, Burke William Joseph completed a deal on Feb 14 to sell 17437.0 shares. Meanwhile, PRES. – ELECTRONIC INSTRUMENTS Marecic Thomas C sold 16210.0 shares on Feb 14.
