Berwyn, Pennsylvania-based AMETEK, Inc. (AME) manufactures and sells electronic instruments and electromechanical devices. Valued at $59.3 billion by market cap, the company manufactures advanced instruments for process, aerospace, power, and industrial markets, and is a supplier of electrical interconnects, specialty metals, technical motors and systems, and floor care and specialty motors.
Shares of this industrial giant have outperformed the broader market over the past year. AME has gained 38.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.2%. In 2026, AME stock is up 26.2%, surpassing the SPX’s 13.2% rise on a YTD basis.
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Zooming in further, AME’s outperformance looks less pronounced compared to the State Street Industrial Select Sector SPDR ETF (XLI). The exchange-traded fund has gained about 21.8% over the past year. Moreover, the stock’s returns on a YTD basis outshine the ETF’s 19.8% gains over the same time frame.
www.barchart.com AMETEK outperformed on strong Q2 results driven by broad demand in semiconductor, aerospace, and MedTech. CEO David Zapico cited “double-digit organic sales growth,” record orders up 25%, and a $4.1 billion backlog, with about 80% expected to ship in the next 12 months. Electronic Instruments benefited from AI-driven semiconductor equipment and power solutions, while Electromechanical saw MedTech and automation strength. Management raised full-year guidance, pointing to AI, defense, and power grid modernization as durable drivers. M&A remains key, with the pending Indicor deal and FARO integration set to boost growth and margins.
On Aug. 4, AME shares closed up more than 4% after reporting its Q2 results. Its adjusted EPS of $2.09 exceeded Wall Street expectations of $1.99. The company’s revenue was $2.04 billion, beating Wall Street forecasts of $1.96 billion. AME expects full-year adjusted EPS in the range of $8.20 to $8.30.
For the current fiscal year, ending in December, analysts expect AME’s EPS to grow 12.1% to $8.33 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.
Among the 21 analysts covering AME stock, the consensus is a “Moderate Buy.” That’s based on 13 “Strong Buy” ratings, one “Moderate Buy,” and seven “Holds.”
www.barchart.com The configuration has been relatively stable over the past three months.
On Aug. 6, TD Cowen kept a “Buy” rating on AME and raised the price target to $275, the mean price target, implying a potential upside of 6.4% from current levels.
The Street-high price target of $316 represents a 22.2% premium to AME’s current price levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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