Allstate Corp Boosts Position in AMETEK, Inc. $AME

Key Points

• Allstate Corp boosted its stake in AMETEK by 119.5% in the fourth quarter, buying 8,762 additional shares and ending with 16,092 shares worth about $3.3 million.
• AMETEK reported better-than-expected quarterly results, with EPS of $1.97 and revenue of $1.93 billion, both ahead of analyst estimates, while revenue rose 11.3% year over year.
• The company also declared a quarterly dividend of $0.34 per share, and Wall Street sentiment remains generally positive with a consensus rating of Moderate Buy and an average price target of $252.33.

Allstate Corp boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 119.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,092 shares of the technology company's stock after buying an additional 8,762 shares during the quarter. Allstate Corp's holdings in AMETEK were worth $3,304,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new position in shares of AMETEK during the 2nd quarter valued at approximately $295,000. Baird Financial Group Inc. increased its holdings in shares of AMETEK by 16.1% during the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company's stock valued at $3,037,000 after purchasing an additional 2,323 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of AMETEK by 65.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company's stock valued at $714,000 after purchasing an additional 1,555 shares in the last quarter. Sei Investments Co. increased its holdings in shares of AMETEK by 38.2% during the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company's stock valued at $40,392,000 after purchasing an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of AMETEK by 105.3% during the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company's stock valued at $28,641,000 after purchasing an additional 81,178 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Trading Down 1.3%

Shares of AME opened at $226.38 on Thursday. AMETEK, Inc. has a 52-week low of $174.43 and a 52-week high of $243.18. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average is $225.70 and its two-hundred day moving average is $217.83. The stock has a market cap of $51.89 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 3.22 and a beta of 1.03.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Research analysts forecast that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK's payout ratio is presently 20.54%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AME shares. TD Cowen reissued a "buy" rating on shares of AMETEK in a report on Tuesday, February 3rd. BMO Capital Markets started coverage on shares of AMETEK in a report on Friday, March 27th. They issued an "outperform" rating and a $253.00 price target for the company. Wall Street Zen lowered shares of AMETEK from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Truist Financial reissued a "buy" rating and issued a $275.00 price target (up from $265.00) on shares of AMETEK in a report on Monday, May 4th. Finally, KeyCorp boosted their price target on shares of AMETEK from $235.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $252.33.

Insider Buying and Selling at AMETEK

In other news, Director Thomas A. Amato sold 530 shares of the business's stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the transaction, the director owned 4,480 shares of the company's stock, valued at approximately $971,174.40. The trade was a 10.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company's stock.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.

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