A share price of Ametek Inc [AME] is currently trading at $181.62, up 0.05%. 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 0.02% over the last week, with a monthly amount glided 8.08%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $210. Previously, TD Cowen downgraded its rating to Market Perform on November 27, 2023, and dropped its price target to $160. On October 05, 2023, Exane BNP Paribas initiated with a Neutral rating and assigned a price target of $159 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $195 on August 07, 2023. Wolfe Research downgraded its rating to a Peer Perform. BofA Securities downgraded its rating to Neutral for this stock on July 11, 2022, and downed its price target to $122. In a note dated December 17, 2021, Mizuho initiated an Buy rating and provided a target price of $159 on this stock.
Ametek Inc experienced fluctuations in its stock price throughout the past year between $131.52 and $182.72. Currently, Wall Street analysts expect the stock to reach $147.83 within the next 12 months. Ametek Inc [NYSE: AME] shares were valued at $181.62 at the most recent close of the market. An investor can expect a potential drop of -18.6% based on the average AME price forecast.
Analyzing the AME fundamentals
Trailing Twelve Months sales for Ametek Inc [NYSE:AME] were 6.60B which represents 6.47% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 180.83 points at the first support level, and at 180.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 182.40, and for the 2nd resistance point, it is at 183.17.
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
To put it in perspective, the Current Ratio for Ametek Inc [NYSE:AME] is 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 6.36, the price to book ratio is 4.80 and price to earnings (TTM) ratio is 32.02.
Transactions by insiders
Recent insider trading involved Kohlhagen Steven W, Director, that happened on Mar 12 ’24 when 1400.0 shares were sold. CHIEF COMMERCIAL OFFICER, Speranza Emanuela completed a deal on Feb 15 ’24 to sell 2909.0 shares. Meanwhile, Executive VP – CFO Burke William Joseph sold 17437.0 shares on Feb 14 ’24.
