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 |
|---|---|---|---|
| 1/16/2025 | $210.00 | Neutral → Outperform | Exane BNP Paribas |
| 12/16/2024 | $195.00 → $225.00 | Neutral → Buy | BofA Securities |
| 10/7/2024 | Hold → Sell | TD Cowen | |
| 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 |
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of William P. Callahan as Vice President and General Manager, Aerospace & Defense Division. "I am delighted to welcome Bill to AMETEK and pleased he will be taking on this important leadership role with the company," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Bill's extensive P&L management experience, strong operational expertise, and proven leadership skills make him ideally suited for this role." Mr. Callahan brings a strong track record of experience and success, having most recently served as Group General Manager at Amphenol Corporation. Prior to that, Mr.
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Isabel S. Wells as Vice President, Information Technology and Chief Information Officer. "I am very pleased to welcome Isabel to AMETEK. Isabel brings more than 25 years of experience in technology leadership, with a proven track record of delivering innovative IT and digital transformation solutions to a diverse set of companies. We look forward to Isabel's leadership of our global Information Technology initiatives," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. Ms. Wells brings a wealth of experience to AMETEK, having most recently served as Chief Information Off
BERWYN, Pa., Dec. 2, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Narayan Vishwanathan as Vice President and General Manager, Materials Analysis Division. Mr. Vishwanathan most recently served as Divisional Vice President and Business Unit Manager for the Electron Microscopy Technologies (EMT) businesses within AMETEK's Materials Analysis Division. "I am very pleased to announce Narayan's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Narayan's exceptional leadership skills, focus on innovation, and deep operational experience will ensure the continued success and growth of our Mat
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., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to $0.31 per share from $0.28 per share. The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025. This dividend increase will raise the indicated annual rate to $1.24 per share. Additionally, AMETEK's Board of Directors approved a $1.25 billion share repurchase authorization. This new authorization replaces the previous $1 billion share repurchase authorization approved in May 2022, of which approximately $590 million remained available. "AMETEK remains committed to deploying our
BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the fourth quarter ended December 31, 2024. AMETEK's fourth quarter 2024 sales were a record $1.76 billion, a 2% increase over the fourth quarter of 2023. Operating income increased 5% to a record $469.0 million and operating margins were 26.6% in the quarter, up 90 basis points from the prior year. Operating cash flow in the quarter was a record $550.0 million, free cash flow was a record $498.3 million, and free cash flow to net income conversion was 129%. On a GAAP basis, fourth quarter earnings per diluted share were a record $1.67. Adjusted earnings in the quarter were a record
BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the acquisition of Kern Microtechnik, a leading manufacturer of high-precision machining and optical inspection solutions. Kern specializes in the design and manufacture of ultra-precision manufacturing solutions capable of achieving sub-micron level accuracy. Kern's advanced product portfolio includes high-precision machining solutions and optical tool inspection systems. Their highly engineered solutions support a wide range of applications that demand exceptional precision, including within the medical, semiconductor, research, and space markets. "We are excited to welcome the Kern Microtechnik family to A
- Earnings to be released before market opens on Tuesday, February 4, 2025 - BERWYN, Pa., Jan. 16, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its fourth quarter 2024 earnings release before the market opens on Tuesday, February 4, 2025. AMETEK will webcast its fourth quarter 2024 investor conference call on Tuesday, February 4, 2025, 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 ind
BERWYN, Pa., Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE:AME) declared a regular quarterly dividend of $0.28 per share for the fourth quarter ending December 31, 2024. This fourth quarter dividend is payable December 20, 2024 to shareholders of record as of December 6, 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 focus
BERWYN, Pa., Oct. 31, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the third quarter ended September 30, 2024. AMETEK's third quarter 2024 sales were $1.71 billion, a 5% increase over the third quarter of 2023. Operating income increased 2% to $445.9 million and operating margins were 26.1% in the quarter. Operating cash flow in the quarter was $487.2 million, up 3% versus the prior year, with free cash flow to net income conversion of 135%. On a GAAP basis, third quarter earnings per diluted share were $1.47. Adjusted earnings in the quarter were $1.66 per diluted share, up 1% from the third quarter of 2023. Adjusted earnings adds back non-cash, a
BERWYN, Pa., Oct. 31, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the acquisition of Virtek Vision International, a leading provider of advanced laser-based projection and inspection systems. Virtek specializes in the development and manufacturing of advanced 3D laser projectors, smart cameras, and quality control inspection systems, powered by AI-driven software and algorithms. Their innovative machine vision solutions provide customers with precise, virtual laser guided measurement and inspection capabilities to help automate complex assembly processes and improve manufacturing efficiencies across a wide range of aerospace, defense and industrial applications. "We are exc
- Earnings to be released before market opens on Thursday, October 31, 2024 - BERWYN, Pa., Oct. 15, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its third quarter 2024 earnings release before the market opens on Thursday, October 31, 2024. AMETEK will webcast its third quarter 2024 investor conference call on Thursday, October 31, 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 in
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,
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BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to $0.31 per share from $0.28 per share. The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025. This dividend increase will raise the indicated annual rate to $1.24 per share. Additionally, AMETEK's Board of Directors approved a $1.25 billion share repurchase authorization. This new authorization replaces the previous $1 billion share repurchase authorization approved in May 2022, of which approximately $590 million remained available. "AMETEK remains committed to deploying our
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of William P. Callahan as Vice President and General Manager, Aerospace & Defense Division. "I am delighted to welcome Bill to AMETEK and pleased he will be taking on this important leadership role with the company," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Bill's extensive P&L management experience, strong operational expertise, and proven leadership skills make him ideally suited for this role." Mr. Callahan brings a strong track record of experience and success, having most recently served as Group General Manager at Amphenol Corporation. Prior to that, Mr.
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Isabel S. Wells as Vice President, Information Technology and Chief Information Officer. "I am very pleased to welcome Isabel to AMETEK. Isabel brings more than 25 years of experience in technology leadership, with a proven track record of delivering innovative IT and digital transformation solutions to a diverse set of companies. We look forward to Isabel's leadership of our global Information Technology initiatives," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. Ms. Wells brings a wealth of experience to AMETEK, having most recently served as Chief Information Off
GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig
BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced its financial results for the fourth quarter ended December 31, 2024. AMETEK's fourth quarter 2024 sales were a record $1.76 billion, a 2% increase over the fourth quarter of 2023. Operating income increased 5% to a record $469.0 million and operating margins were 26.6% in the quarter, up 90 basis points from the prior year. Operating cash flow in the quarter was a record $550.0 million, free cash flow was a record $498.3 million, and free cash flow to net income conversion was 129%. On a GAAP basis, fourth quarter earnings per diluted share were a record $1.67. Adjusted earnings in the quarter were a record
BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the acquisition of Kern Microtechnik, a leading manufacturer of high-precision machining and optical inspection solutions. Kern specializes in the design and manufacture of ultra-precision manufacturing solutions capable of achieving sub-micron level accuracy. Kern's advanced product portfolio includes high-precision machining solutions and optical tool inspection systems. Their highly engineered solutions support a wide range of applications that demand exceptional precision, including within the medical, semiconductor, research, and space markets. "We are excited to welcome the Kern Microtechnik family to A
GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector
- Earnings to be released before market opens on Tuesday, February 4, 2025 - BERWYN, Pa., Jan. 16, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) will issue its fourth quarter 2024 earnings release before the market opens on Tuesday, February 4, 2025. AMETEK will webcast its fourth quarter 2024 investor conference call on Tuesday, February 4, 2025, 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 ind
BERWYN, Pa., Dec. 2, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced the appointment of Narayan Vishwanathan as Vice President and General Manager, Materials Analysis Division. Mr. Vishwanathan most recently served as Divisional Vice President and Business Unit Manager for the Electron Microscopy Technologies (EMT) businesses within AMETEK's Materials Analysis Division. "I am very pleased to announce Narayan's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Narayan's exceptional leadership skills, focus on innovation, and deep operational experience will ensure the continued success and growth of our Mat
BERWYN, Pa., Nov. 8, 2024 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE:AME) declared a regular quarterly dividend of $0.28 per share for the fourth quarter ending December 31, 2024. This fourth quarter dividend is payable December 20, 2024 to shareholders of record as of December 6, 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 focus
Exane BNP Paribas upgraded Ametek from Neutral to Outperform and set a new price target of $210.00
BofA Securities upgraded Ametek from Neutral to Buy and set a new price target of $225.00 from $195.00 previously
TD Cowen downgraded Ametek from Hold to Sell
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
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