Numerous financial institutions have adjusted their stake in AMETEK, Inc. (NYSE:AME), with both purchases and sales being made. In the largest transaction, the company is set to acquire FARO Technologies in a deal valued at $920 million. This acquisition represents the company's expansion into robotics assets, with FARO Technologies being a leader in 3D metrology. At the same time, AMETEK's international revenue trends were highlighted as worthy of investor attention, pointing to the firm's global market presence. Despite market shifts causing the AME stock to touch a 52-week low at $147.79, AMETEK's Q1 earnings call revealed revenue decline whilst surpassing expectations, likely due to margin expansion offsetting flat revenue amid tariff uncertainty. Analyst firms including Mizuho, Truist Securities, and RBC Capital have made amendments to AMETEK’s price target.
Ametek AME News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 10:20:03 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -6
