AMETEK, Inc. $AME Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its AMETEK stake by 47.3% in the third quarter, bringing its holdings to 233,610 shares worth approximately $57.9 million. Institutional investors collectively own 87.43% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $274.41, above the reported share price of $247.91.
• AMETEK exceeded quarterly expectations with adjusted EPS of $2.09 versus a $1.99 estimate and revenue of $2.04 billion; the company also pays a $0.34 quarterly dividend, yielding approximately 0.5%.

Assenagon Asset Management S.A. increased its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 47.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,610 shares of the technology company's stock after buying an additional 74,989 shares during the period. Assenagon Asset Management S.A. owned 0.10% of AMETEK worth $57,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of AMETEK in the 2nd quarter valued at approximately $4,725,928,000. Flossbach Von Storch SE acquired a new position in AMETEK during the 2nd quarter valued at approximately $662,352,000. Bank of New York Mellon Corp acquired a new position in AMETEK during the 2nd quarter valued at approximately $624,725,000. Bank of America Corp DE purchased a new position in shares of AMETEK in the second quarter worth $391,801,000. Finally, Man Group plc purchased a new position in shares of AMETEK in the second quarter worth $356,499,000. Institutional investors own 87.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on AME shares. Morgan Stanley set a $275.00 price target on AMETEK in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft raised their price objective on AMETEK from $288.00 to $318.00 and gave the stock a "buy" rating in a research note on Wednesday, September 30th. DA Davidson set a $285.00 target price on AMETEK in a research report on Wednesday, October 7th. 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. Finally, Vertical Research assumed coverage on shares of AMETEK in a report on Tuesday, September 8th. They issued a "buy" rating and a $255.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $274.41.

AMETEK Stock Down 0.2%

Shares of AME stock opened at $247.91 on Friday. AMETEK, Inc. has a twelve month low of $182.87 and a twelve month high of $261.16. The stock has a market cap 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. The stock has a 50 day moving average of $244.55 and a 200 day moving average of $236.74. 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 (NYSE:AME - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate 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 return on equity of 16.93% and a net margin of 20.04%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts expect that AMETEK, Inc. will post 8.41 EPS for the current year.

AMETEK Announces Dividend

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

Insider Transactions at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of the 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 transaction, the insider owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

AMETEK 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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