What is DA Davidson’s Estimate for AMETEK FY2025 Earnings?

AMETEK, Inc. (NYSE:AME) – Research analysts at DA Davidson lowered their FY2025 EPS estimates for shares of AMETEK in a report released on Wednesday, February 5th. DA Davidson analyst M. Summerville now anticipates that the technology company will post earnings of $7.13 per share 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.

AME has been the topic of a number of other research reports. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a research note on Thursday, January 16th. Truist Financial boosted their price target on shares of AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Mizuho boosted their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $204.67.

AMETEK Stock Up 1.3 %

Shares of AMETEK stock opened at $182.64 on Friday. AMETEK has a 12-month low of $149.03 and a 12-month high of $198.33. The firm has a market capitalization of $42.25 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $184.54 and its 200-day moving average is $176.61.

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

Insider Buying and Selling

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

Institutional Trading of AMETEK

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