AMETEK, Inc. $AME Shares Newly Acquired by EULAV Asset Management

Key Points

• EULAV Asset Management acquired 67,320 AMETEK shares during the third quarter, valued at approximately $16.7 million. Institutional investors and hedge funds collectively own 87.43% of the company.
• AMETEK reported quarterly adjusted earnings of $2.09 per share and revenue of $2.04 billion, beating analyst expectations, while revenue increased 15% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $274.41 versus the stock’s reported price of $239.88. AMETEK also declared a quarterly dividend of $0.34 per share, yielding about 0.6%.

EULAV Asset Management acquired a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,320 shares of the technology company's stock, valued at approximately $16,677,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its stake in AMETEK by 4.4% in the 3rd quarter. Signaturefd LLC now owns 5,734 shares of the technology company's stock valued at $1,421,000 after buying an additional 243 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of AMETEK by 190.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,397 shares of the technology company's stock worth $2,080,000 after buying an additional 5,502 shares during the last quarter. Simplicity Wealth LLC acquired a new position in shares of AMETEK during the 3rd quarter worth about $210,000. Sowell Financial Services LLC boosted its stake in shares of AMETEK by 5.3% during the 3rd quarter. Sowell Financial Services LLC now owns 1,638 shares of the technology company's stock worth $406,000 after buying an additional 82 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of AMETEK by 5.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 3,916 shares of the technology company's stock valued at $970,000 after acquiring an additional 198 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In other news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

AMETEK Stock Performance

Shares of AME opened at $239.88 on Monday. The firm has a 50-day moving average of $243.45 and a 200-day moving average of $237.90. AMETEK, Inc. has a one year low of $182.87 and a one year high of $261.16. The company has a market cap of $54.98 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.10. The company 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 period in the previous year, the business earned $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. As a group, equities analysts forecast that AMETEK, Inc. will post 8.41 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK's payout ratio is 19.88%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. KeyCorp lifted 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. Weiss Ratings upgraded AMETEK from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 8th. Robert W. Baird increased their price target on AMETEK from $275.00 to $280.00 and gave the company a "neutral" rating in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft raised their price target on AMETEK from $288.00 to $318.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Finally, Morgan Stanley set a $275.00 price target on AMETEK in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $274.41.

About AMETEK

AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.

AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.

The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.

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