B. Riley Wealth Advisors Inc. acquired a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,350 shares of the technology company's stock, valued at approximately $1,078,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in AMETEK during the second quarter worth $4,725,928,000. Wellington Management Group LLP boosted its position in AMETEK by 7.0% during the 2nd quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company's stock valued at $724,387,000 after acquiring an additional 196,986 shares in the last quarter. Flossbach Von Storch SE purchased a new position in shares of AMETEK in the 2nd quarter valued at $662,352,000. Bank of New York Mellon Corp purchased a new position in shares of AMETEK in the 2nd quarter valued at $624,725,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of AMETEK by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company's stock valued at $444,788,000 after acquiring an additional 29,001 shares during the period. 87.43% of the stock is currently owned by institutional investors.
Insider Activity
In other news, insider David Hermance sold 6,608 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.
AMETEK Stock Up 0.8%
AME stock opened at $248.91 on Friday. The stock has a market capitalization of $57.05 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96. AMETEK, Inc. has a 52 week low of $182.87 and a 52 week high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $244.67 and a 200 day moving average of $236.66.
AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. AMETEK's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Sell-side analysts forecast that AMETEK, Inc. will post 8.41 earnings per share for the current year.
AMETEK Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK's dividend payout ratio is currently 19.88%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. TD Cowen restated a "buy" rating on shares of AMETEK in a research note on Thursday, August 6th. BMO Capital Markets lifted their target price on AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. DA Davidson set a $285.00 target price on shares of AMETEK in a research note on Wednesday, October 7th. Zacks Research raised AMETEK from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Finally, Robert W. Baird increased their price objective on AMETEK from $275.00 to $280.00 and gave the company a "neutral" rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $274.41.
Read Our Latest Stock Report on AMETEK
About AMETEK
(
Free Report)
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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