AMETEK, Inc. · AME · FY2024 Q3 · Calendar Q4 2024
AMETEK: Orders Improve as Acquisitions and New Products Support Growth
AMETEK's Q3 analysis supports a constructive operating trajectory: improving orders, a near-record backlog, acquisitions and product investment accompanied a raised full-year EPS outlook. The case remains dependent on sustained demand and execution through OEM destocking, project delays and regulatory risks.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The current analysis shows a stronger setup than the prior quarter: guidance sentiment moved from lowered to raised, orders improved, backlog increased, and the company added Virtek Vision and Polygon Physics to its technology portfolio. Management also reported record free-cash-flow conversion and increased investment in new products.
Guidance delta
Management raised full-year EPS guidance to $6.77-$6.82, citing confidence in continued growth.
Key takeaways
- Q3 EPS was $1.66 and sales rose 5% year over year, according to the supplied analysis.
- Orders grew 12% and backlog reached a near-record $3.44 billion.
- Management highlighted Virtek Vision and Polygon Physics acquisitions, plus $90 million for new-product development.
Management priorities
- Invest $90 million in differentiated technologies and new-product development.
- Continue an active acquisition program, including Virtek Vision and Polygon Physics.
- Use strong cash generation to fund share repurchases and reduce debt.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BNP Paribas | Outperform | Outperform | Maintain | Sep 11, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 6, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 6, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Aug 5, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 5, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 5, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Baird | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 10, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 4, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Jan 27, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jan 5, 2026 |
| B of A Securities | Buy | Neutral | Upgrade | Dec 16, 2024 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 2, 2023 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Feb 23, 2023 |
| Loop Capital | Buy | Buy | Maintain | Jul 19, 2022 |
| Rosenblatt | Buy | Buy | Maintain | Aug 4, 2021 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Mar 12, 2020 |
| Stephens & Co. | Overweight | Overweight | Maintain | Feb 7, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Oct 11, 2019 |
| Jefferies | Buy | Buy | Maintain | Oct 13, 2017 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Feb 15, 2017 |
| Stifel Nicolaus | Buy | Buy | Maintain | Aug 5, 2016 |
| Stifel | Buy | Buy | Maintain | Aug 5, 2016 |
| Deutsche Bank | Hold | Hold | Maintain | Jan 7, 2013 |
| UBS | Neutral | Neutral | Maintain | Oct 31, 2012 |
| Ladenburg Thalmann | Buy | Hold | Upgrade | Jul 24, 2012 |
| Langenberg & Company | Hold | Buy | Downgrade | Apr 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $251.92. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Vertical Research | Analyst unavailable | $255 | $237.72 | +1.2% | Sep 8, 2026 |
| Truist Financial | Analyst unavailable | $316 | $255.23 | +25.4% | Aug 6, 2026 |
| Seaport Global | Scott Graham | $290 | $255.81 | +15.1% | Aug 5, 2026 |
| RBC Capital | Deane Dray | $291 | $254.5 | +15.5% | Aug 5, 2026 |
| Robert W. Baird | Quinn Fredrickson | $275 | $254.05 | +9.2% | Aug 5, 2026 |
| KeyBanc | Analyst unavailable | $295 | $254.05 | +17.1% | Aug 5, 2026 |
| Morgan Stanley | Analyst unavailable | $245 | $234.99 | -2.7% | Jul 10, 2026 |
| Truist Financial | Jamie Cook | $303 | $237.13 | +20.3% | Jul 2, 2026 |
| Redburn Partners | Richard Radbourne | $265 | $231.27 | +5.2% | Jun 18, 2026 |
| Truist Financial | Analyst unavailable | $275 | $231.3 | +9.2% | May 4, 2026 |
| Barclays | Julian Mitchell | $230 | $230.48 | -8.7% | May 4, 2026 |
| Robert W. Baird | Quinn Fredrickson | $244 | $231.98 | -3.1% | May 1, 2026 |
| Mizuho Securities | Analyst unavailable | $270 | $232.62 | +7.2% | May 1, 2026 |
| BMO Capital | Daniel DiCicco | $253 | $211.47 | +0.4% | Mar 26, 2026 |
| Robert W. Baird | Analyst unavailable | $245 | $227.83 | -2.7% | Feb 5, 2026 |
| Truist Financial | Analyst unavailable | $265 | $229.46 | +5.2% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $257 | $227.97 | +2.0% | Feb 4, 2026 |
| Mizuho Securities | Analyst unavailable | $235 | $228.92 | -6.7% | Feb 4, 2026 |
| Barclays | Julian Mitchell | $220 | $228.92 | -12.7% | Feb 4, 2026 |
| Deutsche Bank | Analyst unavailable | $271 | $213.14 | +7.6% | Jan 21, 2026 |
| Morgan Stanley | Christopher Snyder | $215 | $211.1 | -14.7% | Jan 12, 2026 |
| Barclays | Julian Mitchell | $210 | $214.16 | -16.6% | Jan 7, 2026 |
| KeyBanc | Analyst unavailable | $235 | $211.31 | -6.7% | Jan 6, 2026 |
| Melius Research | Rob Wertheimer | $235 | $212.09 | -6.7% | Jan 5, 2026 |
| Mizuho Securities | Analyst unavailable | $230 | $209.14 | -8.7% | Jan 5, 2026 |
| D.A. Davidson | Analyst unavailable | $240 | $199.92 | -4.7% | Dec 8, 2025 |
| Robert W. Baird | Richard Eastman | $204 | $202.11 | -19.0% | Nov 3, 2025 |
| Seaport Global | Analyst unavailable | $240 | $199.96 | -4.7% | Oct 31, 2025 |
| RBC Capital | Deane Dray | $229 | $198.84 | -9.1% | Oct 31, 2025 |
| KeyBanc | Analyst unavailable | $220 | $198.32 | -12.7% | Oct 31, 2025 |
| Barclays | Analyst unavailable | $205 | $198.32 | -18.6% | Oct 31, 2025 |
| Truist Financial | Jamie Cook | $229 | $181.42 | -9.1% | Oct 8, 2025 |
| Mizuho Securities | Brett Linzey | $212 | $182.75 | -15.8% | May 16, 2025 |
| Truist Financial | Jamie Cook | $219 | $166.92 | -13.1% | Oct 9, 2024 |
| Oppenheimer | Christopher Glynn | $190 | $163.9 | -24.6% | Sep 10, 2024 |
| Seaport Global | Scott Graham | $200 | $154 | -20.6% | Aug 2, 2024 |
| Truist Financial | Jamie Cook | $204 | $165.57 | -19.0% | Jul 2, 2024 |
| Oppenheimer | Christopher Glynn | $200 | $169.13 | -20.6% | May 22, 2024 |
| Seaport Global | Scott Graham | $208 | $168.06 | -17.4% | May 6, 2024 |
| Robert W. Baird | Richard Eastman | $171 | $166.56 | -32.1% | May 6, 2024 |
| RBC Capital | Deane Dray | $216 | $179.34 | -14.3% | Apr 4, 2024 |
| Truist Financial | Jamie Cook | $210 | $181.53 | -16.6% | Mar 13, 2024 |
| Morgan Stanley | Analyst unavailable | $152 | $142.36 | -39.7% | Jan 6, 2023 |
| Mizuho Securities | Brett Linzey | $140 | $129.31 | -44.4% | Aug 15, 2022 |
| Morgan Stanley | Analyst unavailable | $145 | $126.04 | -42.4% | Aug 3, 2022 |
| RBC Capital | Analyst unavailable | $135 | $125.85 | -46.4% | Aug 3, 2022 |
| Loop Capital Markets | Analyst unavailable | $155 | $109.1 | -38.5% | Jul 19, 2022 |
| Mizuho Securities | Analyst unavailable | $135 | $110.92 | -46.4% | Jul 18, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $135 | $121.86 | -46.4% | Jun 3, 2022 |
| Morgan Stanley | Analyst unavailable | $144 | $124.06 | -42.8% | May 4, 2022 |
| RBC Capital | Analyst unavailable | $148 | $124.31 | -41.3% | May 4, 2022 |
| KeyBanc | Steve Barger | $145 | $124.31 | -42.4% | May 4, 2022 |
| D.A. Davidson | Matt Summerville | $160 | $138.12 | -36.5% | Aug 3, 2021 |
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Start freeCompany context
Snapshot as of publicationAMETEK, Inc. is a global enterprise that develops and markets a diverse portfolio of electronic instruments and electromechanical devices. The company's operations are structured into two principal divisions: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG). The EIG segment provides sophisticated instrumentation solutions catering to various sectors, including process control, aerospace, power generation, and general industrial applications. It also delivers specialized process and analytical tools essential for industries such as oil and gas, petrochemicals, pharmaceuticals, semiconductors, automation, and food and beverage production. Furthermore, EIG supplies equipment for laboratory settings, ultra-precision manufacturing, medical diagnostics, and critical test and measurement tasks.…
Historical context
All AME earningsIndustrials peers this season
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-06T01:10:43.474285+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T01:10:43.471397+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.