AMETEK, Inc. $AME Stock Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. cut its AMETEK stake by 84.5% in the third quarter, selling 69,176 shares and retaining 12,686 shares valued at approximately $3.14 million. Institutional investors collectively own 87.43% of the company.
• Wall Street remains broadly bullish, with AMETEK receiving a consensus “Moderate Buy” rating and an average price target of $267, above its reported share price of $248.38.
• AMETEK exceeded quarterly expectations, reporting $2.09 in EPS and $2.04 billion in revenue, up 15% year over year. The company also declared a quarterly dividend of $0.34 per share, representing a 0.5% annualized yield.

Congress Asset Management Co. trimmed its position in AMETEK, Inc. (NYSE:AME - Free Report) by 84.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,686 shares of the technology company's stock after selling 69,176 shares during the period. Congress Asset Management Co.'s holdings in AMETEK were worth $3,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Moody National Bank Trust Division acquired a new stake in shares of AMETEK during the third quarter worth about $203,000. Neville Rodie & Shaw Inc. increased its holdings in AMETEK by 9.6% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 18,210 shares of the technology company's stock worth $4,696,000 after buying an additional 1,600 shares during the period. Baker Tilly Wealth Management LLC raised its position in AMETEK by 152.7% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,050 shares of the technology company's stock worth $1,003,000 after buying an additional 2,447 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in AMETEK by 139.8% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 29,934 shares of the technology company's stock valued at $7,416,000 after acquiring an additional 17,452 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of AMETEK by 450.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 6,612 shares of the technology company's stock valued at $1,638,000 after acquiring an additional 5,410 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AME shares. Vertical Research started coverage on shares of AMETEK in a report on Tuesday, September 8th. They set a "buy" rating and a $255.00 target price for the company. Truist Financial increased their price target on AMETEK from $303.00 to $316.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Robert W. Baird lifted their price objective on AMETEK from $275.00 to $280.00 and gave the company a "neutral" rating in a research note on Monday. Citigroup boosted their price objective on AMETEK from $257.00 to $261.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Seaport Research Partners restated a "buy" rating and issued a $290.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $267.00.

Insider Activity

In other AMETEK news, insider David Hermance sold 6,608 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the transaction, the insider owned 42,509 shares of the company's stock, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.54% of the company's stock.

AMETEK Stock Performance

NYSE:AME opened at $248.38 on Thursday. The company has a market cap of $56.93 billion, a P/E ratio of 36.31, a P/E/G ratio of 2.40 and a beta of 0.96. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The company's 50-day moving average price is $244.55 and its 200-day moving average price is $235.13. 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 posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business's revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, sell-side analysts forecast that AMETEK, Inc. will post 8.42 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.34 per share. The ex-dividend date 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 is currently 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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