Can analysts adopt a bullish outlook for AMETEK, Inc. (NYSE:AME)?

August 9, 2018 - By Pearl Odom

AMETEK, Inc. (NYSE:AME) LogoInvestors sentiment decreased to 0.94 in Q1 2018. Its down 0.35, from 1.29 in 2017Q4. It worsened, as 32 investors sold AMETEK, Inc. shares while 180 reduced holdings. 59 funds opened positions while 141 raised stakes. 188.90 million shares or 1.72% less from 192.20 million shares in 2017Q4 were reported.
Moreover, Seaward Mgmt Partnership has 0.07% invested in AMETEK, Inc. (NYSE:AME) for 19,400 shares. Moreover, Massachusetts Financial Ma has 0.17% invested in AMETEK, Inc. (NYSE:AME) for 5.37M shares. Southeast Asset Advisors reported 0.21% stake. Moreover, Amica Mutual has 0.07% invested in AMETEK, Inc. (NYSE:AME) for 7,579 shares. First Republic Investment Mngmt has 0.01% invested in AMETEK, Inc. (NYSE:AME) for 16,341 shares. Virginia Retirement Et Al holds 0.16% in AMETEK, Inc. (NYSE:AME) or 172,100 shares. Ameritas Invest Ptnrs Inc invested in 0.02% or 4,779 shares. Jennison Assoc Ltd Limited Liability Company accumulated 1.92M shares. Vident Invest Advisory Ltd Liability Co holds 0.01% or 4,825 shares in its portfolio. First Quadrant L P Ca accumulated 223,921 shares. The Iowa-based Principal Financial Group has invested 0.06% in AMETEK, Inc. (NYSE:AME). Wells Fargo And Mn holds 1.37 million shares. 945,711 were accumulated by Tiaa Cref Inv Ltd Liability. Sg Americas Securities Ltd invested in 0.02% or 27,426 shares. Amica Retiree Med Trust invested in 1,260 shares.

Since February 15, 2018, it had 0 buys, and 14 selling transactions for $6.17 million activity. Hardin John Wesley also sold $2.04M worth of AMETEK, Inc. (NYSE:AME) shares. $233,700 worth of AMETEK, Inc. (NYSE:AME) was sold by VARET ELIZEBETH R. WILLIAMS DENNIS K sold $309,672 worth of stock. $316,476 worth of stock was sold by Conti Anthony James on Friday, March 9. On Thursday, February 15 the insider Oscher Ronald J sold $1.13M.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Among 6 analysts covering Ametek Inc (NYSE:AME), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Ametek Inc had 9 analyst reports since February 15, 2018 according to SRatingsIntel. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. Bank of America maintained the shares of AME in report on Wednesday, August 1 with “Buy” rating. The stock of AMETEK, Inc. (NYSE:AME) has “Equal-Weight” rating given on Thursday, May 3 by Morgan Stanley. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, August 1. As per Tuesday, March 13, the company rating was maintained by Cowen & Co. The firm earned “Outperform” rating on Thursday, May 3 by BMO Capital Markets. Stifel Nicolaus maintained AMETEK, Inc. (NYSE:AME) on Tuesday, April 3 with “Buy” rating. As per Wednesday, August 1, the company rating was maintained by Morgan Stanley. Below is a list of AMETEK, Inc. (NYSE:AME) latest ratings and price target changes.

01/08/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $87 New Target: $91 Maintain
01/08/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $92 New Target: $93 Maintain
01/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $79 New Target: $84 Maintain
03/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $76 New Target: $79 Maintain
03/05/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $90 New Target: $92 Maintain
12/04/2018 Broker: DA Davidson Rating: Buy New Target: $85 Initiates Coverage On
03/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $83.0000 Maintain
13/03/2018 Broker: Cowen & Co Rating: Buy New Target: $83.0 Maintain
15/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $86.0 Maintain

The stock decreased 0.52% or $0.4 during the last trading session, reaching $76.77. About 181,617 shares traded. AMETEK, Inc. (NYSE:AME) has risen 22.92% since August 9, 2017 and is uptrending. It has outperformed by 10.35% the S&P500.

AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. The company has market cap of $17.80 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 23.27 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.

More news for AMETEK, Inc. (NYSE:AME) were recently published by: Seekingalpha.com, which released: “Get ready for the Farnborough Airshow” on July 15, 2018. Seekingalpha.com‘s article titled: “AMETEK (AME) Q2 2018 Results – Earnings Call Transcript” and published on July 31, 2018 is yet another important article.

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

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