15 stories mentioning AME
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Ametek (AME) said Tuesday that it has completed its acquisition of aerospace company First Aviation Services.The company said First Aviation Services will be folded into its Electromechanical Group.First Aviation Services takes in $80 million in annual revenue and operates six centers in the US, Ametek said.Price: $226.79, Change: $+2.21, Percent Change: +0.98%
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1% and the actively traded Invesco QQQ Trust (QQQ) was 1.7% higher in Wednesday's premarket activity amid news of a potential US-Iran truce.US stock futures were mixed, with S&P 500 Index futures up 1%, Dow Jones Industrial Average futures falling 1.2%, and Nasdaq futures advancing 1.6% before the start of regular trading.US mortgage applications fell in the week ended May 1 amid higher mortgage rates, according to data released by the Mortgage Bankers Association early Wednesday.ADP's monthly measure of private payrolls showed a 109,000 increase in April, below expectations compiled by Bloomberg as of 7:20 am ET for an increase of 120,000.State-level unemployment data for March is slated for a 10 am ET release, followed by the weekly petroleum stocks at 10:30 am ET.Chicago Federal Reserve President Austan Goolsbee is due to speak on Wednesday.In premarket activity, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell over 14%.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.9% lower.Hut 8 (HUT) shares were up more than 24% pre-bell after the company reported higher Q1 revenue.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 2.1%, and the iShares US Technology ETF (IYW) was 2.4% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 3.6%, while the iShares Semiconductor ETF (SOXX) increased by 4.3%.Advanced Micro Devices (AMD) shares were up more than 18% in premarket activity after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1% higher.Novo Nordisk (NVO) stock was up more than 6% premarket after the company posted higher-than-expected Q1 earnings and revenue in addition to raising its 2026 adjusted sales growth guidance.EnergyThe iShares US Energy ETF (IYE) was down 4.2%, while the State Street Energy Select Sector SPDR ETF (XLE) fell by 4.8%.Equinor (EQNR) stock was down more than 9% before Wednesday's opening bell after the company reported lower Q1 revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.8%, while the Vanguard Industrials Index Fund (VIS) was up 2.3%, and the iShares US Industrials ETF (IYJ) was inactive.Ametek (AME) stock was up more than 2% before the opening bell after the company agreed to acquire Indicor Instrumentation from Indicor in an all-cash deal valued at about $5 billion.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.2%. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 1.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% lower.Amazon (AMZN) shares were up more than 1% a day after The Information reported the company-backed Anthropic will pay Alphabet's (GOOG, GOOGL) Google Cloud about $200 billion over five years for computing capacity and processors.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 10% to $91.80 per barrel on the New York Mercantile Exchange. Natural gas was down by 2.5% at $2.72 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 9.6%, while the United States Natural Gas Fund (UNG) was 1.6% lower.Gold futures for May rose by 3.1% to $4,711.90 an ounce on the Comex. Silver futures advanced by 5.7% to $77.79 an ounce. SPDR Gold Shares (GLD) was 3% higher, and the iShares Silver Trust (SLV) rose by 5.4%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following AME's Q1 beat, we lift our 12-month target to $260 from $240, valuing shares at 29.5x our 2027 EPS outlook of $8.81 (up $0.20; 2026 EPS outlook lifted to $8.12 from $8.00), above AME's five-year historical multiple average given a strengthening earnings growth trajectory. Notably, AME experienced a Q1 acceleration in demand, highlighted by record orders of $2.2 billion, representing 22% organic growth and leading to a record backlog of $3.87 billion. This growth was broad-based, with sustained strength in Aerospace & Defense and a notable inflection in orders for the more cyclical Process and Power businesses. Profitability also was a positive, as core operating margins expanded by 160 basis points, driven by volume leverage in the Electromechanical Group (EMG). Overall, Q1 results were encouraging though shipment delays stemming from conflict in the Middle East was a modest headwind, indicating that spillover effects could become a bigger headache if instability in the region worsens.
AMETEK (AME) reported a solid Q1 operating beat and raise, with an "impressive" over 22% organic orders growth, RBC Capital Markets said in a note Thursday.The report said its order strength was broad-based, with every division posting at least over 5% organic order growth and each sub-segment achieving increases, pointing to acceleration in the process instrumentation and power businesses.The note also said growth-by-acquisition continues to be at the forefront of the company's growth algorithm. It said AMETEK has$5 billion in M&A firepower with net debt at 0.7x.RBC raised its price target to $260 from $259 while keeping its outperform rating.Price: $230.19, Change: $-5.31, Percent Change: -2.25%
AMETEK (AME) has an average rating of overweight and mean price target of $259.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $229.31, Change: $-6.19, Percent Change: -2.63%
AMETEK (AME) has an average rating of overweight and mean price target of $259.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $229.92, Change: $-5.58, Percent Change: -2.37%
AMETEK (AME) has an average rating of overweight and mean price target of $259.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $229.65, Change: $-5.85, Percent Change: -2.48%
AMETEK (AME) has an average rating of overweight and mean price target of $259.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $229.91, Change: $-5.59, Percent Change: -2.37%
AMETEK (AME) has an average rating of overweight and mean price target of $259.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $229.97, Change: $-5.53, Percent Change: -2.35%
AMETEK (AME) has an average rating of overweight and mean price target of $259.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $229.81, Change: $-5.69, Percent Change: -2.42%
AMETEK (AME) said Thursday it has agreed to acquire First Aviation Services, which provides defense and aviation maintenance, repair and overhaul services and also makes related parts.First Aviation has annual sales of about $80 million and operates six centers in the US, AMETEK said, adding the deal is subject to closing conditions, including regulatory clearance.AMETEK shares were up 3.5% in Thursday morning trading.Price: $236.36, Change: $+8.49, Percent Change: +3.73%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AME started 2026 with a strong beat, posting adjusted EPS of $1.97, $0.07 above consensus. Total sales hit $1.93B, reflecting 11% growth driven by organic gains and M&A contributions. Adjusted operating margins expanded 50 bps to 26.8% on pricing realization and operational execution. Demand trends were clearly positive during Q1, with orders up 23%, resulting in a record backlog. In our view, this enhanced visibility into future revenue and informs our growth assumptions. Amid stronger demand, AME raised full-year 2026 adjusted EPS guidance to $7.94-$8.14 per share, representing 7-10% growth from the prior range of $7.87-$8.07. Both segments participated in Q1 expansion. The EIG segment generated $1.26B in sales (up 11%), benefiting from broad-based orders growth and recent acquisitions. Meanwhile, EMG sales hit $663.9M (up 13%), with operating margins jumping to 25.7% (up 380 bps), driven by organic growth and operational leverage.
Ametek (AME) is in exclusive talks to acquire the testing and measurement businesses of Indicor, owned by private-equity firm Clayton Dubilier & Rice, the Wall Street Journal reported Tuesday, citing people familiar with the matter.A deal, valued at around $5 billion, may be announced in the coming weeks, though talks might still fall apart, the report said.Ametek did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $229.45, Change: $-3.53, Percent Change: -1.51%
The industrial sector likely saw strong demand in the first quarter, despite concerns around the impact of the Iran war, Truist Securities said in a note on Friday.The broader momentum is attributable to improved demand in machinery markets and growth across data centers, aerospace, and heating, ventilation and air conditioning, according to the note."Rising input costs tied to the Iran war are manageable in the short term," Truist analysts, including Jamie Cook, said.While there are worries tied to tariffs, "we would be more concerned about a prolonged war with Iran and the potential macro repercussions," Cook said.Oil prices plunged on Friday after Iran opened the Strait of Hormuz following a ceasefire agreement between Lebanon and Israel. Energy prices have surged following the US-Israel war with Tehran. US President Donald Trump has expressed optimism over the prospects of a deal with Iran ahead of the expiration of a two-week ceasefire between the two sides."We see a positive setup for first-quarter prints across machinery, multi-industry and infrastructure services," Cook wrote.Within the machinery industry, the brokerage maintained 2026 estimates for Deere (DE), AGCO (AGCO) and CNH Industrial (CNH) amid order momentum. Caterpillar (CAT) is expected to deliver another strong quarter, Cook said.Infrastructure service companies AECOM (ACM) and Jacobs (J) must convince investors with sustainable organic growth and margin improvement, though Jacobs is seen posting a solid quarter.Multi industry player Parker-Hannifin (PH) is on track for continued earnings beats and raises, with signs that industrial organic growth is improving, Cook said. AMETEK (AME) is recovering and holds capacity for more deals, according to the research note.AMETEK completed its acquisition of Faro Technologies in 2025.
GE Vernova (GEV), Parker-Hannifin (PH), and Ametek (AME) are among companies expected to benefit from improving short-cycle industrial demand as order trends strengthen and defense-related exposure provides an additional boost, BofA Securities said Monday in a report.BofA expects GE Vernova's orders to rise 44% this year, supported by data-center demand and potential upside from the US-Japan trade deal's Ohio power-generation project. Defense revenue accounts for 11% of Parker-Hannifin's sales and 10% at both Ametek and ITT (ITT), the report said.3M (MMM) and Forgent Power Solutions (FPS) have lagged behind the S&P 500's recent 1% decline, while Vertiv (VRT), GE Vernova, and Fastenal (FAST) have outperformed, the report said.Companies tied more closely to consumer spending may face greater pressure, while industrial component suppliers are likely to see the strongest improvement in revenue growth as orders picked up in Q4, the report said. Supply-chain disruptions tied to the Middle East conflict may affect Q2 shipment timing, BofA said.Price: $990.82, Change: $-0.50, Percent Change: -0.05%