AMETEK, Inc. $AME Stock Purchased by Canandaigua National Bank & Trust Co.

Key Points

• Canandaigua National Bank & Trust Co. increased its AMETEK stake by 459.8% in the third quarter, bringing its holdings to 8,963 shares valued at approximately $2.22 million. Institutional investors collectively own 87.43% of the company.
• Analysts maintain a positive outlook, with AMETEK receiving a consensus “Moderate Buy” rating and an average price target of $267. Recent targets range from $255 to $295.
• AMETEK exceeded quarterly expectations, reporting $2.09 in earnings per share and $2.04 billion in revenue, while revenue grew 15% year over year. The company also pays a quarterly dividend of $0.34 per share, yielding about 0.5%.

Canandaigua National Bank & Trust Co. boosted its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 459.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,963 shares of the technology company's stock after purchasing an additional 7,362 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in AMETEK were worth $2,220,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC boosted its stake in shares of AMETEK by 18.3% in the 1st quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock worth $69,000 after buying an additional 50 shares during the last quarter. Advocacy Wealth Management LLC grew its stake in shares of AMETEK by 1.0% during the 2nd quarter. Advocacy Wealth Management LLC now owns 5,422 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 52 shares during the period. Drucker Wealth 3.0 LLC increased its position in shares of AMETEK by 4.7% during the 1st quarter. Drucker Wealth 3.0 LLC now owns 1,187 shares of the technology company's stock valued at $255,000 after purchasing an additional 53 shares during the last quarter. Claret Asset Management Corp lifted its stake in shares of AMETEK by 4.0% in the 4th quarter. Claret Asset Management Corp now owns 1,585 shares of the technology company's stock worth $325,000 after purchasing an additional 61 shares during the period. Finally, Earned Wealth Advisors LLC boosted its holdings in shares of AMETEK by 5.9% in the first quarter. Earned Wealth Advisors LLC now owns 1,209 shares of the technology company's stock worth $259,000 after buying an additional 67 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

AME has been the subject of several recent research reports. KeyCorp boosted their target price on shares of AMETEK from $260.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research report on Thursday, June 18th. DA Davidson set a $285.00 price objective on AMETEK in a research note on Wednesday. Vertical Research assumed coverage on AMETEK in a research report on Tuesday, September 8th. They set a "buy" rating and a $255.00 target price on the stock. Finally, BNP Paribas Exane boosted their price target on AMETEK from $280.00 to $290.00 and gave the company an "outperform" rating in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

AMETEK Price Performance

Shares of NYSE AME traded down $5.34 during midday trading on Wednesday, reaching $248.38. The stock had a trading volume of 1,224,517 shares, compared to its average volume of 1,308,902. The company has a market capitalization of $56.93 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16. The stock has a 50-day moving average of $244.30 and a 200-day moving average of $234.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21.

AMETEK (NYSE:AME - Get Free Report) last issued 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. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK'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, research analysts anticipate that AMETEK, Inc. will post 8.42 EPS for the current fiscal year.

AMETEK Dividend Announcement

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

Insider Activity

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

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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