AMETEK, Inc. $AME Shares Newly Purchased by Hanson & Doremus Investment Management

Key Points

• Hanson & Doremus Investment Management acquired 4,357 AMETEK shares worth approximately $1.08 million in the third quarter. Institutional investors collectively own 87.43% of the company.
• Analysts maintain a generally bullish outlook, with AMETEK receiving a consensus “Moderate Buy” rating and an average price target of $274.41.
• AMETEK exceeded quarterly expectations, reporting $2.09 in earnings per share and $2.04 billion in revenue, up 15% year over year. The company also pays a quarterly dividend of $0.34, yielding approximately 0.5%.

Hanson & Doremus Investment Management acquired a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,357 shares of the technology company's stock, valued at approximately $1,079,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AME. BlackRock Inc. purchased a new position in shares of AMETEK in the second quarter valued at $4,725,928,000. Flossbach Von Storch SE purchased a new position in AMETEK during the second quarter worth about $662,352,000. Bank of New York Mellon Corp acquired a new position in AMETEK during the second quarter worth approximately $624,725,000. Bank of America Corp DE acquired a new position in AMETEK during the second quarter valued at approximately $391,801,000. Finally, Man Group plc purchased a new stake in shares of AMETEK in the second quarter worth about $356,499,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

AME has been the topic of several analyst reports. Seaport Research Partners lifted their price objective on AMETEK from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. BMO Capital Markets upped their target price on AMETEK from $262.00 to $282.00 in a report on Wednesday, August 5th. Zacks Research upgraded shares of AMETEK from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a research report on Thursday, August 6th. Finally, Citigroup raised their target price on AMETEK from $261.00 to $263.00 and gave the company a "neutral" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, AMETEK presently has a consensus rating of "Moderate Buy" and a consensus target price of $274.41.

AMETEK Trading Down 0.2%

AME opened at $247.91 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $56.82 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.35 and a beta of 0.96. AMETEK, Inc. has a 12 month low of $182.87 and a 12 month high of $261.16. The firm's fifty day simple moving average is $244.55 and its 200 day simple moving average is $236.74.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The firm's revenue for the quarter 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, research analysts anticipate that AMETEK, Inc. will post 8.41 EPS for the current fiscal year.

AMETEK Announces Dividend

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

Insider Activity

In related news, insider David Hermance sold 6,608 shares of the firm's stock in a transaction on 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 transaction, the insider owned 42,509 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

About AMETEK

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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