DA Davidson Issues Pessimistic Outlook for AMETEK Earnings

AMETEK, Inc. (NYSE:AME) – Equities research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for AMETEK in a research report issued to clients and investors on Wednesday, February 5th. DA Davidson analyst M. Summerville now forecasts that the technology company will post earnings per share of $7.13 for the year, down from their previous forecast of $7.30. The consensus estimate for AMETEK’s current full-year earnings is $6.80 per share.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.68 EPS. AMETEK’s quarterly revenue was up 1.8% on a year-over-year basis.

Several other brokerages have also recently commented on AME. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a research report on Thursday, January 16th. Truist Financial increased their target price on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Robert W. Baird dropped their price target on AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Mizuho increased their target price on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.67.

AMETEK Trading Up 1.3 %

NYSE AME opened at $182.64 on Friday. The company has a market capitalization of $42.25 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK has a 12 month low of $149.03 and a 12 month high of $198.33. The company’s fifty day moving average price is $184.54 and its two-hundred day moving average price is $176.61.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AME. EdgePoint Investment Group Inc. lifted its holdings in AMETEK by 87.9% in the third quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock worth $337,279,000 after purchasing an additional 918,737 shares during the period. Meridiem Investment Management Ltd. acquired a new stake in shares of AMETEK in the 3rd quarter worth approximately $130,579,000. Principal Financial Group Inc. boosted its holdings in shares of AMETEK by 72.0% in the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after acquiring an additional 703,501 shares in the last quarter. Bryn Mawr Capital Management LLC increased its stake in shares of AMETEK by 10,506.5% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 476,442 shares of the technology company’s stock valued at $812,000 after acquiring an additional 471,950 shares during the period. Finally, D1 Capital Partners L.P. bought a new stake in AMETEK during the third quarter worth approximately $79,782,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the sale, the insider now directly owns 30,460 shares in the company, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.