AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. This segment also provides power quality monitoring and metering devices, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment, sensors for gas turbines, dashboard instruments for heavy trucks and other vehicles, and instrumentation and controls for the food and beverage industries; and aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition units for the aerospace industry. Its EMG segment offers engineered electrical connectors and electronics packaging for protecting sensitive electronic devices; precision motion control products for data storage, medical devices, business equipment, automation and other applications; high-purity powdered metals, strip and foil, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers. This segment also operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and education communication solutions for healthcare facilities and educational institutions. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: ametek.com
Date | Price Target | Rating | Analyst |
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5/22/2024 | $200.00 | Perform → Outperform | Oppenheimer |
3/14/2024 | $210.00 | Buy | Truist |
11/27/2023 | $165.00 → $160.00 | Outperform → Market Perform | TD Cowen |
10/5/2023 | $159.00 | Neutral | Exane BNP Paribas |
8/7/2023 | $195.00 | Buy | Seaport Research Partners |
2/23/2023 | Outperform → Peer Perform | Wolfe Research | |
7/11/2022 | $170.00 → $122.00 | Buy → Neutral | BofA Securities |
1/14/2022 | $159.00 → $158.00 | Overweight | Morgan Stanley |
12/17/2021 | $159.00 | Buy | Mizuho |
12/14/2021 | $162.00 → $166.00 | Peer Perform → Outperform | Wolfe Research |
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AMETEK (NYSE:AME) has outperformed the market over the past 10 years by 2.14% on an annualized basis producing an average annual return of 13.05%. Currently, AMETEK has a market capitalization of $40.04 billion. Buying $1000 In AME: If an investor had bought $1000 of AME stock 10 years ago, it would be worth $3,362.56 today based on a price of $172.97 for AME at the time of writing. AMETEK's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
AMETEK's (NYSE:AME) short percent of float has fallen 34.26% since its last report. The company recently reported that it has 2.92 million shares sold short, which is 1.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.28 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
AMETEK (NYSE:AME) has outperformed the market over the past 20 years by 7.24% on an annualized basis producing an average annual return of 15.63%. Currently, AMETEK has a market capitalization of $38.34 billion. Buying $1000 In AME: If an investor had bought $1000 of AME stock 20 years ago, it would be worth $18,267.49 today based on a price of $165.65 for AME at the time of writing. AMETEK's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed b
Truist Securities analyst Jamie Cook maintains AMETEK (NYSE:AME) with a Buy and lowers the price target from $210 to $204.
AMETEK (NYSE:AME) has outperformed the market over the past 10 years by 1.32% on an annualized basis producing an average annual return of 12.18%. Currently, AMETEK has a market capitalization of $38.66 billion. Buying $1000 In AME: If an investor had bought $1000 of AME stock 10 years ago, it would be worth $3,127.89 today based on a price of $167.02 for AME at the time of writing. AMETEK's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
AMETEK (NYSE:AME) has outperformed the market over the past 15 years by 4.89% on an annualized basis producing an average annual return of 17.03%. Currently, AMETEK has a market capitalization of $38.34 billion. Buying $100 In AME: If an investor had bought $100 of AME stock 15 years ago, it would be worth $1,068.22 today based on a price of $165.65 for AME at the time of writing. AMETEK's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by a
Ratings for AMETEK (NYSE:AME) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $196.5, a high estimate of $210.00, and a low estimate of $171.00. This upward trend is apparent, with the current average reflectin
Oppenheimer analyst Christopher Glynn upgrades AMETEK (NYSE:AME) from Perform to Outperform and announces $200 price target.
AMETEK (NYSE:AME) has outperformed the market over the past 20 years by 8.48% on an annualized basis producing an average annual return of 16.57%. Currently, AMETEK has a market capitalization of $39.25 billion. Buying $100 In AME: If an investor had bought $100 of AME stock 20 years ago, it would be worth $2,153.56 today based on a price of $169.57 for AME at the time of writing. AMETEK's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by a
On CNBC's “Mad Money Lightning Round,” Jim Cramer believes in Moderna, Inc. (NASDAQ:MRNA). On May 14, Evercore ISI Group analyst Cory Kasimov initiated coverage on Moderna with an In-Line rating and announced a price target of $120. The “Mad Money” host likes Mind Medicine (MindMed) Inc. (NASDAQ:MNMD). “Anything that makes it so that there's ways to be able to get rid of pain and do good without getting people hooked, I am all in on. Doesn't necessarily mean it will make a lot of money, I don't care,” he added. On May 13, Oppenheimer analyst Francois Brisebois reiterated Mind Medicine with an Outperform and lowered the price target from $29 to $20. “I don't want you to sell, and
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Vinatha Nathan as Vice President and General Manager, MCT Division. "I am pleased to announce Vinatha's appointment as Vice President and General Manager, MCT Division," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Vinatha's strong operational background and proven leadership capabilities will greatly contribute to the ongoing growth and success of the division." Ms. Nathan brings a wealth of experience to AMETEK, having most recently served as Senior Vice President & General Manager for Crane Payment Innovations. Prior to that, Ms. Nathan held various roles with
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of John C. Henriques as Vice President, Corporate Development. "I am very pleased to announce John's promotion to this important role, as he has been a valuable contributor to our Corporate Development team," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "His extensive acquisitions experience and proven leadership within AMETEK, make him exceptionally well-suited for this role. We look forward to his continued contributions to AMETEK's growth and success." Mr. Henriques most recently served as Director, Corporate Development and has held positions of increasing respons
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Rob Rideout Jr. as Vice President, Strategic Procurement. "I am delighted to promote Rob to Vice President, Strategic Procurement," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Rob's exceptional leadership and expertise in supply chain management have been invaluable. We are certain he will drive innovation and excellence in our strategic procurement initiatives." Since joining AMETEK in 2007, Mr. Rideout has held various leadership roles, including Director of Strategic Sourcing for Power Systems and Instruments Division and the Divisional Vice President of Supply Cha
BERWYN, Pa., July 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Keith J. Kowalski as Vice President and General Manager, AMS Division. Mr. Kowalski previously served as Divisional Vice President and Business Unit Manager for the Precitech TMC business within AMETEK's Ultra Precision Technologies division. "I am pleased to announce Keith's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Keith has demonstrated exceptional leadership and a strong track record of delivering growth and operational excellence within AMETEK. I am confident he will continue to drive significant success fo
BERWYN, Pa., May 9, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Patrick L. Williams as Vice President and General Manager, MRO Division. Mr. Willams currently serves as Division Vice President and Business Unit Manager for the Power Protection and Quality Solutions (PPQS) business within AMETEK's Power Systems and Instruments Division. "I am pleased to announce Patrick's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "He has done an excellent job driving strong growth and profitability in his previous leadership roles within AMETEK and I am confident he will make important contribu
BERWYN, Pa., March 9, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Daniel J. Ketchum as Vice President and General Manager, MRO Division, effective April 1, 2023. Mr. Ketchum currently serves as Division Vice President and Business Unit Manager for the FMH-PDT business within AMETEK's Aerospace and Defense Division. "I am pleased to announce Dan's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Dan brings excellent leadership skills, a strong operational background, and extensive aerospace experience to this role. We expect him to play a key role in the continued growth and success o
BERWYN, Pa., Nov. 14, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Jose Munoz as Vice President, Operational Excellence. Mr. Munoz will be responsible for accelerating AMETEK's operational excellence efforts, including driving continued process improvements, optimizing our global manufacturing footprint, and leading our Kaizen and Black Belt training initiatives. Jose will also continue to support the expansion of our global sustainability initiatives across our operations. "We are very excited to announce Jose's promotion to this important role," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Jose is an excellent fit for this position
BERWYN, Pa., Nov. 4, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Lori Kieklak as Vice President and General Manager, Power Systems and Instruments division. Ms. Kieklak previously served as Divisional Vice President and Business Unit Manager for the Dynamic Fluid Solutions business within AMETEK's Advanced Motion Solutions division. "I am pleased to announce Lori's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Lori's broad global commercial experience and strong operational background coupled with her proven ability to drive strategic growth make her well suited to take on this im
BERWYN, Pa., Nov. 4, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Gene Hahnenberg as Vice President, Strategic Procurement. Mr. Hahnenberg joins AMETEK after a successful 10-year career with Trane Technologies (formerly Ingersoll Rand) where he was most recently Vice President of Direct Materials Procurement. "I am pleased to welcome Gene to AMETEK," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Gene's extensive supply chain and procurement experience make him well suited for this important role. We look forward to Gene's leadership of our global strategic procurement initiatives." Previously, Mr. Hahnenberg also held a num
BERWYN, Pa., Aug. 5, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced that its Board of Directors has appointed Suzanne Stefany as a new director of the Company. Ms. Stefany is a Partner at PJT Partners, an investment bank headquartered in New York City, where she serves as an advisor to leading global multi-industry companies, advising, and executing on complex strategic and capital market transactions. "We are pleased to welcome Suzanne as a member of our Board of Directors," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Suzanne's demonstrated leadership in capital markets, her strong expertise in finance and governance, and her championing of global
Cargo Transporters uses SkyMatch to improve operations, asset awareness Platform Science expanded its leading Virtual Vehicle® application platform to include tractor-trailer pairing across fleets with SkyMatch, an end-to-end asset management solution from SkyBitz, a brand of AMETEK® Telular. "Working with SkyBitz to enable their app on Platform Science unlocks a critical way for fleets to leverage their data better, enhance the driver experience, and improve overall fleet efficiency," said Joe Jumayao, VP of Business Development, Platform Science. "This integration demonstrates the robustness of the Virtual Vehicle platform to provide fleets and partners like SkyBitz with comprehensive
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE:AME) declared a regular quarterly dividend of $0.28 per share for the third quarter ending September 30, 2024. This third quarter dividend is payable September 30, 2024 to shareholders of record as of September 16, 2024. Corporate ProfileAMETEK (NYSE:AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined foc
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Vinatha Nathan as Vice President and General Manager, MCT Division. "I am pleased to announce Vinatha's appointment as Vice President and General Manager, MCT Division," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Vinatha's strong operational background and proven leadership capabilities will greatly contribute to the ongoing growth and success of the division." Ms. Nathan brings a wealth of experience to AMETEK, having most recently served as Senior Vice President & General Manager for Crane Payment Innovations. Prior to that, Ms. Nathan held various roles with
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of John C. Henriques as Vice President, Corporate Development. "I am very pleased to announce John's promotion to this important role, as he has been a valuable contributor to our Corporate Development team," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "His extensive acquisitions experience and proven leadership within AMETEK, make him exceptionally well-suited for this role. We look forward to his continued contributions to AMETEK's growth and success." Mr. Henriques most recently served as Director, Corporate Development and has held positions of increasing respons
BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Rob Rideout Jr. as Vice President, Strategic Procurement. "I am delighted to promote Rob to Vice President, Strategic Procurement," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Rob's exceptional leadership and expertise in supply chain management have been invaluable. We are certain he will drive innovation and excellence in our strategic procurement initiatives." Since joining AMETEK in 2007, Mr. Rideout has held various leadership roles, including Director of Strategic Sourcing for Power Systems and Instruments Division and the Divisional Vice President of Supply Cha
BERWYN, Pa., Aug. 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the second quarter ended June 30, 2024. AMETEK's second quarter 2024 sales were $1.73 billion, a 5% increase over the second quarter of 2023. Operating income increased 7% to a record $447.5 million and operating margins were 25.8%, up 40 basis points from the second quarter of 2023. Operating cash flow in the quarter was $381.4 million, up 14% versus the prior year. On a GAAP basis, second quarter earnings per diluted share were $1.45. Adjusted earnings in the quarter were $1.66 per diluted share, up 6% from the second quarter of 2023. Adjusted earnings adds back non-cash, after-tax,
- Earnings to be released before market opens on Thursday, August 1, 2024 - BERWYN, Pa., July 15, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its second quarter 2024 earnings release before the market opens on Thursday, August 1, 2024. AMETEK will webcast its second quarter 2024 investor conference call on Thursday, August 1, 2024, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link in the "Investors" section of www.ametek.com. A replay of the call will also be archived on the website and will be available until the next quarterly earnings call. Corporate Profile: AMETEK (NYSE:AME) is a leading global provider of indust
BERWYN, Pa., July 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Keith J. Kowalski as Vice President and General Manager, AMS Division. Mr. Kowalski previously served as Divisional Vice President and Business Unit Manager for the Precitech TMC business within AMETEK's Ultra Precision Technologies division. "I am pleased to announce Keith's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Keith has demonstrated exceptional leadership and a strong track record of delivering growth and operational excellence within AMETEK. I am confident he will continue to drive significant success fo
BERWYN, Pa., May 9, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Patrick L. Williams as Vice President and General Manager, MRO Division. Mr. Willams currently serves as Division Vice President and Business Unit Manager for the Power Protection and Quality Solutions (PPQS) business within AMETEK's Power Systems and Instruments Division. "I am pleased to announce Patrick's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "He has done an excellent job driving strong growth and profitability in his previous leadership roles within AMETEK and I am confident he will make important contribu
BERWYN, Pa., May 9, 2024 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE:AME) declared a regular quarterly dividend of $0.28 per share for the second quarter ending June 30, 2024. This second quarter dividend is payable June 28, 2024 to shareholders of record as of June 14, 2024. Corporate ProfileAMETEK (NYSE:AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annualized sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash
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BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE:AME) declared a regular quarterly dividend of $0.28 per share for the third quarter ending September 30, 2024. This third quarter dividend is payable September 30, 2024 to shareholders of record as of September 16, 2024. Corporate ProfileAMETEK (NYSE:AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined foc
BERWYN, Pa., Aug. 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the second quarter ended June 30, 2024. AMETEK's second quarter 2024 sales were $1.73 billion, a 5% increase over the second quarter of 2023. Operating income increased 7% to a record $447.5 million and operating margins were 25.8%, up 40 basis points from the second quarter of 2023. Operating cash flow in the quarter was $381.4 million, up 14% versus the prior year. On a GAAP basis, second quarter earnings per diluted share were $1.45. Adjusted earnings in the quarter were $1.66 per diluted share, up 6% from the second quarter of 2023. Adjusted earnings adds back non-cash, after-tax,
- Earnings to be released before market opens on Thursday, August 1, 2024 - BERWYN, Pa., July 15, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its second quarter 2024 earnings release before the market opens on Thursday, August 1, 2024. AMETEK will webcast its second quarter 2024 investor conference call on Thursday, August 1, 2024, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link in the "Investors" section of www.ametek.com. A replay of the call will also be archived on the website and will be available until the next quarterly earnings call. Corporate Profile: AMETEK (NYSE:AME) is a leading global provider of indust
BERWYN, Pa., May 9, 2024 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE:AME) declared a regular quarterly dividend of $0.28 per share for the second quarter ending June 30, 2024. This second quarter dividend is payable June 28, 2024 to shareholders of record as of June 14, 2024. Corporate ProfileAMETEK (NYSE:AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annualized sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash
BERWYN, Pa., May 2, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the first quarter ended March 31, 2024. AMETEK's first quarter 2024 sales were a record $1.74 billion, a 9% increase over the first quarter of 2023. On a GAAP basis, first quarter earnings per diluted share were $1.34. Adjusted earnings in the quarter were $1.64 per diluted share, up 10% from the first quarter of 2023. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization of $0.21 per diluted share and excludes a pre-tax $29.2 million, or $0.10 per diluted share, charge for integration costs related to the Paragon Medical acquisition. GAAP operati
- Earnings to be released before market opens on Thursday, May 2, 2024 - BERWYN, Pa., April 15, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its first quarter 2024 earnings release before the market opens on Thursday, May 2, 2024. AMETEK will webcast its first quarter 2024 investor conference call on Thursday, May 2, 2024, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link in the "Investors" section of www.ametek.com. A replay of the call will also be archived on the website and will be available until the next quarterly earnings call. Corporate Profile:AMETEK (NYSE:AME) is a leading global provider of industrial techno
BERWYN, Pa., Feb. 9, 2024 /PRNewswire/ -- 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. "AMETEK continues to perform exceptionally well, delivering strong growth, outstanding cash flow generation and excellent operating results," stated David A. Zapico, Chairman and Chief Executive Officer. "We remain focused on deploying our cash flows on strategic acquisitions, driving long-term shareholder v
BERWYN, Pa., Feb. 6, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the fourth quarter ended December 31, 2023. AMETEK's fourth quarter 2023 sales were a record $1.73 billion, a 6.5% increase over the fourth quarter of 2022. Operating income increased 12% to a record $445.0 million and operating margins were 25.7%, up 120 basis points from the fourth quarter of 2022. Operating cash flow in the quarter was a record $540.7 million, up 40% versus the prior year. On a GAAP basis, fourth quarter earnings per diluted share were $1.48. Adjusted earnings in the quarter were a record $1.68 per diluted share, up 11% from the fourth quarter of 2022. Adjusted ear
- Earnings to be released before market opens on Tuesday, February 6, 2024 - BERWYN, Pa., Jan. 19, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its fourth quarter 2023 earnings release before the market opens on Tuesday, February 6, 2024. AMETEK will webcast its fourth quarter 2023 investor conference call on Tuesday, February 6, 2024, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link in the "Investors" section of www.ametek.com. A replay of the call will also be archived on the website and will be available until the next quarterly earnings call. Corporate Profile:AMETEK (NYSE:AME) is a leading global provider of high
BERWYN, Pa., Sept. 6, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the acquisition of United Electronic Industries (UEI), a leading provider of data acquisition and control solutions for the aerospace, defense, energy and semiconductor industries. UEI specializes in the design and manufacture of high-performance test, measurement, simulation and control solutions that enable customers to build smart, reliable, flexible and rugged systems. The company's products are used in a variety of mission critical applications, including flight simulation and training, machine health and usage monitoring, and automated testing. "We are excited to welcome United Electronic Industries to t
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Oppenheimer upgraded Ametek from Perform to Outperform and set a new price target of $200.00
Truist initiated coverage of Ametek with a rating of Buy and set a new price target of $210.00
TD Cowen downgraded Ametek from Outperform to Market Perform and set a new price target of $160.00 from $165.00 previously
Exane BNP Paribas initiated coverage of Ametek with a rating of Neutral and set a new price target of $159.00
Seaport Research Partners initiated coverage of Ametek with a rating of Buy and set a new price target of $195.00
Wolfe Research downgraded Ametek from Outperform to Peer Perform
BofA Securities downgraded Ametek from Buy to Neutral and set a new price target of $122.00 from $170.00 previously
Morgan Stanley reiterated coverage of AMETEK with a rating of Overweight and set a new price target of $158.00 from $159.00 previously
Mizuho initiated coverage of AMETEK with a rating of Buy and set a new price target of $159.00
Wolfe Research upgraded AMETEK from Peer Perform to Outperform and set a new price target of $166.00 from $162.00 previously