AMETEK, Inc.

(New York Stock Exchange)
Back to all articles
Bullish +72

KeyCorp gives AMETEK stock a USD 295.00 target

Acquisition Earnings report AI-generated analysis

📈 KeyCorp analyst raised the price target for AMETEK stock to USD 295.00 with a forecast of USD 9.73 in fiscal 2027 earnings per share.

💰 Second-quarter 2026 revenue jumped 15% year-over-year to reach USD 2.04 billion, driven by strong operational performance.

📊 Adjusted earnings per share increased 17% to USD 2.09 while operating margins expanded to 26.60% in the latest quarter.

💧 Operating cash flow surged 35% year-over-year to reach USD 483.70 million, indicating robust liquidity generation.

🤝 AMETEK completed the acquisition of Indicor Instrumentation for USD 5.0 billion in an all-cash transaction on August 26, 2026.

📈 The acquired businesses are expected to contribute approximately USD 350 million in sales during 2026 and be modestly accretive to earnings.

🏭 The new acquisition will be integrated into the Electronic Instruments Group and Electromechanical Group rather than forming a separate division.

⚠️ A USD 0.32 gap exists between GAAP and adjusted earnings per diluted share due to integration costs and acquisition-related charges.

📉 Market capitalization was valued at USD 57.8 billion as of the October 2, 2026 close.

📊 The stock traded within a 52-week range of USD 179.24 to USD 261.16 with shares up 0.51% on October 5, 2026.

Bullish Signals
  • KeyCorp analyst assigned AMETEK a USD 295.00 price target and forecast fiscal 2027 earnings per share of USD 9.73.
  • Second-quarter 2026 revenue rose 15% year-over-year to reach USD 2.04 billion, demonstrating strong top-line growth.
  • Adjusted earnings per share climbed 17% to USD 2.09, reflecting improved profitability and operational efficiency.
  • Operating margin expanded to 26.60%, indicating successful cost management and pricing power in the industrial sector.
  • Operating cash flow surged 35% year-over-year to USD 483.70 million, providing ample liquidity for future investments.
  • The acquisition of Indicor Instrumentation is expected to contribute USD 350 million in sales during 2026.
  • The completed acquisition is projected to be modestly accretive to adjusted earnings, enhancing shareholder value.
Risk Factors
  • A USD 0.32 gap between GAAP and adjusted earnings per diluted share highlights significant integration costs and acquisition-related charges in the second quarter.
  • The execution of the USD 5.0 billion Indicor Instrumentation acquisition depends on recurring service revenue to determine how quickly the investment earns back its cost.
Full Analysis
KeyCorp analyst Rafael Müller has updated the price target for AMETEK Inc. to USD 295.00, forecasting fiscal 2027 earnings per share of USD 9.73. This bullish rating follows a strong second quarter in 2026 where revenue surged 15% year-over-year to reach USD 2.04 billion. The company also reported adjusted earnings per share climbing 17% to USD 2.09, with operating margins expanding to 26.60% and operating cash flow rising significantly by 35% to USD 483.70 million. AMETEK recently completed its acquisition of Indicor Instrumentation for an all-cash price of USD 5.0 billion on August 26, 2026. The acquired businesses are expected to contribute between USD 350 million and higher sales in 2026 and be modestly accretive to adjusted earnings. Management plans to integrate these new operations into the existing Electronic Instruments Group and Electromechanical Group rather than creating a separate division, aiming for execution efficiency. Despite the positive financial metrics, investors are monitoring the integration costs and acquisition-related charges which created a USD 0.32 gap between GAAP and adjusted earnings per diluted share in the second quarter. The company's market capitalization stood at USD 57.8 billion as of early October 2026, with shares trading within a 52-week range of USD 179.24 to USD 261.16.