Snyder Capital Management L P boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 787,675 shares of the technology company's stock after acquiring an additional 161,615 shares during the quarter. AMETEK accounts for 2.8% of Snyder Capital Management L P's portfolio, making the stock its 10th biggest holding. Snyder Capital Management L P owned about 0.34% of AMETEK worth $148,083,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of AMETEK during the second quarter valued at $650,613,000. Amundi boosted its position in AMETEK by 266.1% in the 2nd quarter. Amundi now owns 1,512,966 shares of the technology company's stock valued at $275,345,000 after buying an additional 1,099,748 shares during the period. Invesco Ltd. grew its stake in AMETEK by 22.3% in the 2nd quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company's stock worth $769,890,000 after acquiring an additional 775,078 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of AMETEK during the third quarter worth approximately $118,311,000. Finally, EdgePoint Investment Group Inc. raised its stake in shares of AMETEK by 24.4% during the second quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company's stock valued at $529,585,000 after acquiring an additional 573,191 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on AME. KeyCorp increased their price objective on AMETEK from $235.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Melius Research set a $235.00 price target on AMETEK in a research report on Monday, January 5th. Morgan Stanley lifted their price objective on AMETEK from $198.00 to $215.00 and gave the company an "equal weight" rating in a report on Monday, January 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of AMETEK in a report on Wednesday, January 21st. Finally, TD Cowen reissued a "buy" rating on shares of AMETEK in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $243.00.
Check Out Our Latest Report on AMETEK
Insider Activity
In other AMETEK news, CEO David A. Zapico sold 28,390 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.76, for a total value of $5,727,966.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas M. Montgomery sold 6,388 shares of the company's stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the transaction, the vice president owned 22,116 shares in the company, valued at approximately $4,534,885.80. This trade represents a 22.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,088 shares of company stock worth $9,930,020. Insiders own 0.57% of the company's stock.
AMETEK Price Performance
AME opened at $234.81 on Thursday. The firm has a market capitalization of $53.77 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 3.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.67. The business's 50-day moving average is $222.74 and its two-hundred day moving average is $202.30. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $242.05.
AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.07. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.94 billion. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The company's revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $1.87 EPS. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.
AMETEK Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, March 16th. This is a boost from AMETEK's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK's payout ratio is currently 19.38%.
About AMETEK
(
Free Report)
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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