AMETEK, Inc. $AME Position Lifted by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. nearly doubled its AMETEK position, increasing holdings by 93.5% to 128,287 shares valued at approximately $31.8 million. Institutional investors collectively own 87.43% of the company.
• Analysts maintain a generally positive outlook, with AMETEK receiving a “Moderate Buy” consensus rating and an average price target of $267. KeyCorp and Truist recently raised their targets to $295 and $316, respectively.
• AMETEK reported quarterly EPS of $2.09, exceeding estimates by $0.10, while revenue rose 15% year over year to $2.04 billion. The company also declared a quarterly dividend of $0.34 per share, representing a 0.5% annualized yield.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 93.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,287 shares of the technology company's stock after buying an additional 61,984 shares during the period. Mn Services Vermogensbeheer B.V. owned about 0.06% of AMETEK worth $31,781,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. National Pension Service boosted its holdings in AMETEK by 1.6% in the 2nd quarter. National Pension Service now owns 338,990 shares of the technology company's stock worth $82,015,000 after acquiring an additional 5,382 shares during the period. Wescott Financial Advisory Group LLC acquired a new position in shares of AMETEK during the fourth quarter worth $1,122,000. Fifth Third Bancorp boosted its stake in shares of AMETEK by 1,060.3% in the first quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company's stock valued at $17,781,000 after purchasing an additional 75,799 shares during the period. Groupe la Francaise grew its holdings in AMETEK by 15.6% during the 2nd quarter. Groupe la Francaise now owns 154,326 shares of the technology company's stock valued at $37,361,000 after purchasing an additional 20,780 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in AMETEK by 93.0% during the 1st quarter. Jennison Associates LLC now owns 256,693 shares of the technology company's stock worth $55,025,000 after buying an additional 123,719 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AME shares. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research report on Thursday, June 18th. Citigroup boosted their price target on AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. DA Davidson set a $285.00 price target on AMETEK in a report on Wednesday. Truist Financial raised their price objective on AMETEK from $303.00 to $316.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, KeyCorp upped their target price on AMETEK from $260.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $267.00.

Insider Buying and Selling at AMETEK

In related news, insider David Hermance sold 6,608 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the sale, the insider owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

AMETEK Price Performance

Shares of AME opened at $247.67 on Friday. The firm has a market cap of $56.77 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.35 and a beta of 0.96. The stock has a 50 day moving average of $244.70 and a 200-day moving average of $235.40. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $1.78 EPS. The business's revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. As a group, analysts forecast that AMETEK, Inc. will post 8.42 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. AMETEK's payout ratio is 19.88%.

AMETEK Company Profile

AMETEK, Inc NYSE: AME is a global manufacturer of industrial technology products. The company develops and produces electronic instruments and electromechanical devices used in process, industrial, aerospace, power, energy, and other specialized markets.

AMETEK's Electronic Instruments segment supplies products such as process and analytical instruments, measurement and testing equipment, power-quality monitoring systems, automation and control solutions, and equipment for aerospace and defense applications.

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