Fintel reports that on December 16, 2024, B of A Securities upgraded their outlook for AMETEK (NYSE:AME) from Neutral to Buy.
Analyst Price Forecast Suggests 7.24% Upside
As of December 2, 2024, the average one-year price target for AMETEK is $200.95/share. The forecasts range from a low of $158.69 to a high of $232.05. The average price target represents an increase of 7.24% from its latest reported closing price of $187.38 / share.
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The projected annual revenue for AMETEK is 6,964MM, an increase of 0.77%. The projected annual non-GAAP EPS is 6.40.
What is the Fund Sentiment?
There are 1,830 funds or institutions reporting positions in AMETEK. This is an increase of 16 owner(s) or 0.88% in the last quarter. Average portfolio weight of all funds dedicated to AME is 0.35%, an increase of 2.47%. Total shares owned by institutions decreased in the last three months by 1.92% to 239,404K shares. 
The put/call ratio of AME is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 9,789K shares representing 4.23% ownership of the company. In its prior filing, the firm reported owning 7,905K shares , representing an increase of 19.25%. The firm decreased its portfolio allocation in AME by 38.72% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,346K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 7,301K shares , representing an increase of 0.62%. The firm decreased its portfolio allocation in AME by 2.66% over the last quarter.
Jpmorgan Chase holds 6,985K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 6,594K shares , representing an increase of 5.60%. The firm decreased its portfolio allocation in AME by 93.18% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,064K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 5,941K shares , representing an increase of 2.03%. The firm decreased its portfolio allocation in AME by 3.25% over the last quarter.
Geode Capital Management holds 5,402K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 5,356K shares , representing an increase of 0.84%. The firm decreased its portfolio allocation in AME by 49.84% over the last quarter.
Ametek Background Information
(This description is provided by the company.)
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2019 sales of approximately $5.0 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 generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500.
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