New York: Ametek Inc (NYSE:AME) Stock Has Just Had Its “Buy” Rating Reiterated by Cowen & Co.. Shares now Have a $80.0 Target

April 17, 2018 - By Alfred Lee

AMETEK, Inc. (NYSE:AME) Logo

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.09, from 1.2 in 2017Q3. It improved, as 30 investors sold AMETEK, Inc. shares while 150 reduced holdings. 69 funds opened positions while 163 raised stakes. 192.20 million shares or 0.03% more from 192.13 million shares in 2017Q3 were reported.

Natl Bank Of Montreal Can accumulated 218,130 shares. Jlb And Associate Inc holds 129,898 shares. Price T Rowe Assoc Inc Md, a Maryland-based fund reported 534,857 shares. Papp L Roy & Assocs owns 40,725 shares. Putnam Ltd Com, Massachusetts-based fund reported 293,428 shares. Brinker Cap holds 0.02% or 8,392 shares. Da Davidson & accumulated 0% or 2,895 shares. Chevy Chase Holdings invested in 0.06% or 200,213 shares. Jfs Wealth Advsrs Limited Liability holds 91 shares. Bokf Na holds 0.01% of its portfolio in AMETEK, Inc. (NYSE:AME) for 3,234 shares. 50,803 were accumulated by Raymond James Finance Svcs Advisors. Mycio Wealth Partners Ltd Liability invested 0.07% in AMETEK, Inc. (NYSE:AME). State Of Alaska Department Of Revenue has invested 0.06% in AMETEK, Inc. (NYSE:AME). Champlain Investment Prtn Limited Com owns 1.52 million shares or 1.25% of their US portfolio. Grandfield & Dodd Ltd Liability Com invested in 4,454 shares.

Since December 11, 2017, it had 0 insider purchases, and 13 insider sales for $9.09 million activity. Another trade for 5,000 shares valued at $391,550 was made by Kohlhagen Steven W on Friday, March 9. 25,965 AMETEK, Inc. (NYSE:AME) shares with value of $1.86M were sold by ZAPICO DAVID A. 4,050 shares were sold by WILLIAMS DENNIS K, worth $309,672. Hardin John Wesley sold 25,965 shares worth $2.04 million. The insider EGINTON WILLIAM D sold 16,368 shares worth $1.26M. The insider Conti Anthony James sold $316,476.

Ametek Inc (NYSE:AME) Rating Reaffirmed

In a report revealed to investors on 21 December, The “Buy” rating of Ametek Inc (NYSE:AME) shares was reconfirmed by Cowen & Co., who now has a $80.0 PT on the stock. Cowen & Co.’s PT suggests a possible upside of 5.22 % from the previous stock close of the company.

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.09, from 1.2 in 2017Q3. It improved, as 30 investors sold AMETEK, Inc. shares while 150 reduced holdings. 69 funds opened positions while 163 raised stakes. 192.20 million shares or 0.03% more from 192.13 million shares in 2017Q3 were reported.

Natl Bank Of Montreal Can accumulated 218,130 shares. Jlb And Associate Inc holds 129,898 shares. Price T Rowe Assoc Inc Md, a Maryland-based fund reported 534,857 shares. Papp L Roy & Assocs owns 40,725 shares. Putnam Ltd Com, Massachusetts-based fund reported 293,428 shares. Brinker Cap holds 0.02% or 8,392 shares. Da Davidson & accumulated 0% or 2,895 shares. Chevy Chase Holdings invested in 0.06% or 200,213 shares. Jfs Wealth Advsrs Limited Liability holds 91 shares. Bokf Na holds 0.01% of its portfolio in AMETEK, Inc. (NYSE:AME) for 3,234 shares. 50,803 were accumulated by Raymond James Finance Svcs Advisors. Mycio Wealth Partners Ltd Liability invested 0.07% in AMETEK, Inc. (NYSE:AME). State Of Alaska Department Of Revenue has invested 0.06% in AMETEK, Inc. (NYSE:AME). Champlain Investment Prtn Limited Com owns 1.52 million shares or 1.25% of their US portfolio. Grandfield & Dodd Ltd Liability Com invested in 4,454 shares.

Since December 11, 2017, it had 0 insider purchases, and 13 insider sales for $9.09 million activity. Another trade for 5,000 shares valued at $391,550 was made by Kohlhagen Steven W on Friday, March 9. 25,965 AMETEK, Inc. (NYSE:AME) shares with value of $1.86M were sold by ZAPICO DAVID A. 4,050 shares were sold by WILLIAMS DENNIS K, worth $309,672. Hardin John Wesley sold 25,965 shares worth $2.04 million. The insider EGINTON WILLIAM D sold 16,368 shares worth $1.26M. The insider Conti Anthony James sold $316,476.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Among 9 analysts covering Ametek Inc (NYSE:AME), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ametek Inc has $92.0 highest and $66.0 lowest target. $83.78’s average target is 10.19% above currents $76.03 stock price. Ametek Inc had 21 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of AMETEK, Inc. (NYSE:AME) has “Buy” rating given on Tuesday, April 3 by Stifel Nicolaus. The company was maintained on Thursday, February 15 by Stifel Nicolaus. The stock of AMETEK, Inc. (NYSE:AME) earned “Buy” rating by Cowen & Co on Tuesday, March 13. As per Friday, November 3, the company rating was maintained by Morgan Stanley. The stock has “Buy” rating by Wells Fargo on Thursday, January 18. The firm has “Buy” rating by Cowen & Co given on Thursday, October 26. The stock has “Buy” rating by Stifel Nicolaus on Sunday, December 10. Robert W. Baird maintained AMETEK, Inc. (NYSE:AME) on Friday, November 3 with “Outperform” rating. Robert W. Baird maintained AMETEK, Inc. (NYSE:AME) on Thursday, February 1 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, November 2 with “Buy”.

The stock increased 0.57% or $0.43 during the last trading session, reaching $76.03. About 426,180 shares traded. AMETEK, Inc. (NYSE:AME) has risen 40.32% since April 17, 2017 and is uptrending. It has outperformed by 28.77% the S&P500.

Analysts await AMETEK, Inc. (NYSE:AME) to report earnings on May, 1. They expect $0.72 EPS, up 20.00 % or $0.12 from last year’s $0.6 per share. AME’s profit will be $166.71 million for 26.40 P/E if the $0.72 EPS becomes a reality. After $0.70 actual EPS reported by AMETEK, Inc. for the previous quarter, Wall Street now forecasts 2.86 % EPS growth.

AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. The company has market cap of $17.60 billion. The Company’s Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, and automation markets; instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets; and vision systems to inspect surfaces. It has a 25.86 P/E ratio. This segment also provides aircraft and engine sensors, monitoring systems, power instruments, data acquisition units, and fuel and fluid measurement systems for the aerospace industry; power quality monitoring and metering devices, industrial battery chargers, uninterruptible power supplies, programmable power and electrical test equipment, and gas turbine sensors; and dashboard instruments for heavy trucks and other vehicles, as well as timing controls and cooking computers for the food service industry.

AMETEK, Inc. (NYSE:AME) Institutional Positions Chart

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