Key Stats for AMETEK Stock
- 6-Month Performance: 28%
- 52-Week Range: $145 to $240
- Valuation Model Target Price: $262
- Implied Upside: 9.9%
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What Happened?
AMETEK stock is up about 28% over the last 6 months, recently trading near $238 per share as investors responded to accelerating orders, record profitability, and a stronger 2026 outlook.
Shares have steadily climbed toward the upper end of their 52 week range near $240, reflecting improving industrial momentum and growing confidence in earnings durability.
The rally strengthened after the company delivered record fourth quarter results and issued solid 2026 guidance, reinforcing visibility into forward growth.
This week, AMETEK reported record Q4 sales of $2.0 billion, up 13%, with orders rising 18% to $2.0 billion and backlog reaching a record $3.58 billion.
Operating income increased 12% to $523 million, core margins expanded 100 basis points to 27.6%, and adjusted EPS of $2.01 exceeded guidance.
CEO David Zapico said the company delivered “double-digit growth in sales, orders and operating profit,” while guiding 2026 EPS to $7.87 to $8.07, up 6% to 9%.
Segment performance reinforced the strength of the print. The Electromechanical Group grew organic sales 14%, aerospace and defense delivered low double-digit growth, and China returned to low double-digit growth after prior softness.
Orders accelerated into December, which management described as the strongest month of the year, supporting expectations for backlog conversion and sustained demand into 2026.
Institutional positioning remained active. BNP PARIBAS Asset Management increased its stake 68.9% to 315,110 shares, NEOS Investment Management raised its position 48.3% to 25,589 shares, and Vanguard added 176,040 shares to bring its ownership to 11.8% of the company.
Raiffeisen Bank International increased its stake 10.4%, King Luther Capital raised its position 5.6%, and Skandinaviska Enskilda Banken boosted holdings 14.6%.
While AXQ Capital reduced its stake 73.4% and JPMorgan trimmed 11.5%, institutional ownership remains elevated at 87.43%, signaling continued long term capital participation.
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Is AMETEK Undervalued?
Under valuation assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 6.6%
- Operating Margins: 27.2%
- Exit P/E Multiple: 26.0x
AMETEK’s revenue base has expanded steadily from $5.5 billion in 2021 to an expected $10.5 billion by 2030, reflecting disciplined execution across niche instrumentation, aerospace components, power systems, and process automation markets where pricing power is strong.
Operating margins above 26% demonstrate structural profitability supported by aftermarket exposure and mission critical applications.
Based on these inputs, the model estimates a target price of $262, implying about 9.9% total upside from current levels near $238.
Performance in 2026 will be driven by aerospace production rates, power infrastructure investment tied to grid modernization and data center buildout, and continued margin expansion within recently acquired businesses such as FARO.
Management expects organic sales to rise low to mid-single digits this year, with EPS growth of 6% to 9%, supported by strong backlog conversion and positive price cost dynamics.
At current levels, AMETEK appears modestly undervalued, with upside dependent on continued execution rather than multiple expansion.
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How Much Upside Does AMETEK Stock Have From Here?
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All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
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