AMETEK, Inc. $AME Stock Bought by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its AMETEK stake by 173.1% in the third quarter, owning 22,908 shares valued at approximately $5.68 million. Institutional investors collectively hold 87.43% of the company.
• Analysts maintain a generally positive outlook, with AMETEK receiving a consensus “Moderate Buy” rating and an average price target of $267.00; several firms recently raised their targets.
• AMETEK reported quarterly EPS of $2.09, beating estimates of $1.99, while revenue rose 15% year over year to $2.04 billion. The company also paid a quarterly dividend of $0.34 per share, representing a 0.5% yield.

GAMMA Investing LLC raised its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 173.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,908 shares of the technology company's stock after purchasing an additional 14,520 shares during the period. GAMMA Investing LLC's holdings in AMETEK were worth $5,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Conrad Siegel Investment Advisors Inc. lifted its position in AMETEK by 30.5% in the third quarter. Conrad Siegel Investment Advisors Inc. now owns 2,266 shares of the technology company's stock worth $561,000 after buying an additional 529 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of AMETEK by 382.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,211 shares of the technology company's stock worth $4,759,000 after acquiring an additional 15,231 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of AMETEK by 6,253.4% during the 3rd quarter. CoreCap Advisors LLC now owns 8,323 shares of the technology company's stock worth $2,062,000 after purchasing an additional 8,192 shares during the period. Atwood & Palmer Inc. grew its holdings in AMETEK by 144.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 254 shares of the technology company's stock valued at $63,000 after purchasing an additional 150 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its position in AMETEK by 26.7% in the 3rd quarter. Everhart Financial Group Inc. now owns 5,277 shares of the technology company's stock worth $1,406,000 after purchasing an additional 1,112 shares during the period. Institutional investors own 87.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AME shares. BNP Paribas Exane upped their target price on AMETEK from $280.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, September 11th. Zacks Research raised AMETEK from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. DA Davidson set a $285.00 target price on AMETEK in a research report on Wednesday. Truist Financial upped their price target on shares of AMETEK from $303.00 to $316.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, TD Cowen reissued a "buy" rating on shares of AMETEK in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $267.00.

Insider Transactions at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of the 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 sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

AMETEK Stock Performance

Shares of AMETEK stock opened at $247.67 on Friday. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The company has a market capitalization of $56.77 billion, a PE ratio of 36.21, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The company has a 50-day simple moving average of $244.70 and a two-hundred day simple moving average of $235.40.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts expect that AMETEK, Inc. will post 8.42 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given 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 (DPR) is presently 19.88%.

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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