AMETEK, IncNYSE: AME
Industrials · Electrical Components & Equipment
$237.21
+2.57%
Vol: 1.0M
Research Digest
Thursday, June 18, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16Citigroup initiated coverage of AMETEK with a Neutral rating and a $257 price target, signaling cautious optimism on the industrial conglomerate.Mixed▶
On June 15, 2026, Citigroup analyst Andrew Kaplowitz initiated coverage of AMETEK with a Neutral rating and a $257 price target, implying modest upside from the recent ~$222 share level. The initiation lands as AMETEK pursues an aggressive M&A agenda, including a definitive agreement in May 2026 to acquire a portfolio of instrumentation businesses from Indicor, LLC for roughly $5.0 billion in cash, with new credit facilities for that deal secured on June 12, 2026. The company also completed its acquisition of First Aviation Services in May and reported Q1 2026 sales of $1.93 billion, up 11% year-over-year, alongside a $3.58 billion backlog. The Neutral rating reflects a balanced view: strong organic growth and disciplined acquisitions versus a rich valuation and recent technical weakness (AME fell below its 50-day moving average in early June). The bear case is that the large debt-funded Indicor deal adds integration and balance-sheet risk just as the stock trades near full value.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21AMETEK board appointed Nick Stanage on May 8 following May 7 annual meeting; $5B Indicor acquisition continues to support industrial tech momentum.Positive▶
AMETEK's recent corporate governance updates from earlier in May remain the most recent material items, with no significant new developments in the last 48 hours. The pending $5.0 billion all-cash acquisition of Indicor Instrumentation, announced May 6, is expected to close in 2H 2026 and add ~$1.1B in annual sales to EIG and EMG segments. DA Davidson maintained a Buy rating with a $265 price target on May 4. Consensus sits at Moderate Buy with a $252.33 average target. Shares recently traded around $232.45, up 21.6% over six months.
May 20AMETEK appointed Nick L. Stanage to its Board of Directors on May 8, 2026 following its annual meeting, with shares supported by the recently announced $5B Indicor Instrumentation acquisition.Positive▶
AMETEK announced the appointment of Nick L. Stanage to its Board of Directors on May 8, 2026, immediately following its annual stockholder meeting on May 7, 2026, where shareholders re-elected three directors (Thomas Amato, Anthony Conti, Gretchen McClain) and ratified Ernst & Young as auditor. The corporate news flow follows the May 6, 2026 announcement of AMETEK's $5.0 billion all-cash acquisition of Indicor Instrumentation (about $1.1B in annual sales), expected to close in H2 2026. Analysts have responded positively, with Truist raising its target to $275 from $265, Mizuho to $270 from $235, and DA Davidson maintaining $265 (all Buy). Q1 2026 earnings beat consensus with adjusted EPS of $1.97 vs. $1.90 expected on $1.93B revenue. Risk: $5B M&A integration adds execution risk against a backdrop of industrial demand uncertainty.
May 19AMETEK announces $5B all-cash acquisition of Indicor Instrumentation businesses (~$1.1B annual sales) on May 6.Positive▶
AMETEK signed a definitive agreement May 6 to acquire Indicor Instrumentation in a $5.0B all-cash deal; the portfolio generates ~$1.1B in annual sales with margin profile consistent with AMETEK and is expected to close in H2 2026. Annual meeting May 7 re-elected directors and ratified EY; Nick L. Stanage joined the board May 8. Q1 2026 adjusted EPS $1.97 beat $1.90 consensus; revenue $1.93B. PT raises: Truist $275 (Buy), Mizuho $270 (Outperform), Barclays $230, DA Davidson $265 (Buy). Risk: integration risk and elevated valuation.
May 18AMETEK announces $5 billion all-cash acquisition of Indicor Instrumentation, expanding its industrial tech platform.Positive▶
AMETEK entered into a definitive agreement on May 6, 2026 to acquire a portfolio of instrumentation businesses from Indicor, LLC in an all-cash transaction valued at approximately $5.0 billion, with the deal expected to close in the second half of 2026. Indicor Instrumentation generates approximately $1.1 billion in annual sales with profitability consistent with AMETEK. The annual stockholder meeting on May 7 saw directors Thomas Amato, Anthony Conti, and Gretchen McClain reelected, and Nick Stanage appointed to the Board on May 8. Q1 2026 EPS of $1.97 beat estimates of $1.90. Zacks upgraded to Buy on May 12. Shares traded around $227.90 on May 18.
May 15AMETEK to acquire Indicor Instrumentation for $5.0B; appoints Nick Stanage to board and raises dividend 10%.Positive▶
AMETEK announced on May 6 a definitive agreement to acquire a portfolio of instrumentation businesses from Indicor, LLC in an all-cash transaction valued at approximately $5.0 billion. Indicor Instrumentation generates ~$1.1B in annual sales with margin profile consistent with AMETEK's existing businesses. On May 8 the board appointed Nick L. Stanage (former Hexcel CEO) as a director. At the May 7 annual meeting, shareholders elected three directors and approved say-on-pay and Ernst & Young as auditor. The board also approved a 10% dividend increase to $0.34 per share. AMETEK also agreed to acquire First Aviation Services (defense/aviation MRO). Q1 2026 sales were $1.93B, +11% YoY. Sentiment positive on accretive M&A scale-up.
May 14AMETEK announced a $5B all-cash acquisition of Indicor Instrumentation on May 6 and was upgraded to Buy by Zacks on May 12 amid raised earnings estimates.Positive▶
AMETEK announced on May 6, 2026 a definitive agreement to acquire Indicor Instrumentation from Indicor LLC in an all-cash transaction valued at approximately $5.0 billion. Indicor generates ~$1.1B in annual sales with profitability consistent with AMETEK, targeting 10-12% of sales in annualized synergies and year-1 cash earnings accretion. The deal will fold into AMETEK's Electronic Instruments Group and Electromechanical Group, funded by existing credit facility and new debt, expected to close H2 2026. On May 7, shareholders elected three directors (Amato, Conti, McClain) and ratified Ernst & Young as auditor. On May 8, Nick L. Stanage was appointed to the Board. Zacks upgraded AME to Buy on May 12 citing improved earnings outlook.
May 13AMETEK appoints Nick Stanage to Board of Directors and trades near 52-week highs after $5B Indicor acquisitionPositive▶
As of May 11-12, 2026, AMETEK is trading at $232.64 near its 52-week high of $243.18, with a market cap of $54.3 billion. DA Davidson maintained a Buy rating with a $265 price target on May 4. On May 8, AMETEK announced the appointment of Nick L. Stanage to its Board of Directors. The recent positive momentum follows the May 6 announcement of a $5.0 billion all-cash acquisition of Indicor Instrumentation, which generates ~$1.1 billion in annual sales. The May 7 annual stockholder meeting saw stockholders elect three directors and ratify Ernst & Young as auditor. Multiple analysts including Truist ($275), Mizuho ($270), and Barclays ($230) raised price targets in early May.
May 12AMETEK announced $5B all-cash deal on May 6 to acquire Indicor Instrumentation, adding $1.1B in sales, plus First Aviation acquisition and record Q1Positive▶
AMETEK announced on May 6, 2026 a definitive agreement to acquire a portfolio of instrumentation businesses from Indicor LLC for approximately $5.0 billion in all-cash, with Indicor Instrumentation contributing ~$1.1B in annual sales at margins consistent with AMETEK; the deal is expected to close in H2 2026. Separately, AMETEK is acquiring First Aviation Services to expand defense MRO operations. At its May 7 annual meeting, shareholders elected three directors and approved executive comp and the Ernst & Young auditor ratification. Q1 2026 set records with sales of $1.93B, operating income up 14%, EBITDA up 11%, and diluted EPS of $1.97. Nick L. Stanage joined the board. Truist raised its target to $275 from $265; D.A. Davidson maintained Buy at $265; Barclays raised to $230 from $220. Shares trading at ~$232.64 on May 11.
May 11Ametek to acquire Indicor Instrumentation for $5 billion and First Aviation Services in defense MRO pushPositive▶
Ametek announced a definitive agreement to acquire a portfolio of instrumentation businesses from Indicor LLC in an all-cash $5.0 billion transaction. Indicor Instrumentation generates approximately $1.1 billion in annual sales with profitability comparable to Ametek; the deal is expected to close in 2H 2026. Separately, Ametek entered an agreement to acquire First Aviation Services to expand defense and aviation MRO operations covering electronics, rotor blades, propellers, landing gear, and flight controls. Q1 2026 sales rose 11% to $1.93 billion with EPS of $1.97 beating the $1.90 consensus. The Board raised the quarterly dividend 10% to $0.34 per share. Nick Stanage was appointed to the board. Shares hit a 52-week high of $242.51.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| ETNEATON | $422.60 | +3.16% | +11.1% | 26.8x | 1.19 | $163.8B |
| EMREMERSON | $151.06 | +1.38% | +13.4% | 21.0x | 1.25 | $84.4B |
| AMEAMETEK | $237.21 | +2.57% | +5.7% | 26.9x | 1.00 | $54.4B |
| ROKROCKWELL | $474.10 | +3.36% | +8.6% | 32.6x | 1.56 | $52.7B |
| GNRCGENERAC | $279.21 | +4.11% | +13.8% | 25.1x | 1.91 | $16.4B |
| CATCATERPILLAR | $991.23 | +3.69% | +13.0% | 32.8x | 1.60 | $454.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.