AMETEK, Inc. $AME Stake Boosted by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management increased its AMETEK stake by 139.8% in the third quarter, bringing its holdings to 29,934 shares valued at approximately $7.4 million. Institutional investors collectively own 87.43% of the company.
• AMETEK exceeded quarterly expectations, reporting earnings of $2.09 per share versus the $1.99 consensus and revenue of $2.04 billion, up 15% year over year.
• Shares recently traded at $253.72, while analysts maintain a “Moderate Buy” consensus with an average price target of $267.00. The company also declared a quarterly dividend of $0.34 per share, yielding about 0.5%.

Ferguson Wellman Capital Management Inc. raised its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 139.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,934 shares of the technology company's stock after buying an additional 17,452 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in AMETEK were worth $7,416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AME. BlackRock Inc. purchased a new position in AMETEK during the 2nd quarter valued at about $4,725,928,000. Flossbach Von Storch SE purchased a new position in AMETEK in the second quarter valued at about $662,352,000. Bank of New York Mellon Corp purchased a new stake in shares of AMETEK during the 2nd quarter worth about $624,725,000. Bank of America Corp DE acquired a new stake in shares of AMETEK during the 2nd quarter valued at about $391,801,000. Finally, Man Group plc bought a new stake in shares of AMETEK in the 2nd quarter valued at approximately $356,499,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AMETEK news, insider David Hermance sold 6,608 shares of the business'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 of the company's stock, valued at approximately $10,797,286. The trade was 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 accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

AMETEK Price Performance

NYSE:AME traded up $1.79 during trading hours on Monday, reaching $253.72. The company had a trading volume of 256,027 shares, compared to its average volume of 1,306,466. The firm has a market capitalization of $58.15 billion, a PE ratio of 37.09, a PEG ratio of 2.38 and a beta of 0.96. The stock has a 50-day moving average of $243.86 and a two-hundred day moving average of $234.32. AMETEK, Inc. has a one year low of $179.24 and a one year 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.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results 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 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%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts forecast that AMETEK, Inc. will post 8.42 earnings per share for the current year.

AMETEK Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AME shares. Vertical Research initiated coverage on AMETEK in a research note on Tuesday, September 8th. They set a "buy" rating and a $255.00 price target for the company. Rothschild & Co Redburn set a $265.00 target price on AMETEK in a report on Thursday, June 18th. Royal Bank Of Canada increased their price target on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Truist Financial lifted their price target on shares of AMETEK from $303.00 to $316.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Morgan Stanley boosted their price objective on shares of AMETEK from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

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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