Annex Advisory Services LLC Purchases 15,011 Shares of AMETEK, Inc. $AME

Annex Advisory Services LLC boosted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 377.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,985 shares of the technology company's stock after purchasing an additional 15,011 shares during the period. Annex Advisory Services LLC's holdings in AMETEK were worth $4,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in AMETEK during the 2nd quarter worth approximately $4,725,928,000. Wellington Management Group LLP raised its position in AMETEK by 7.0% during the 2nd quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company's stock worth $724,387,000 after purchasing an additional 196,986 shares during the last quarter. Flossbach Von Storch SE bought a new position in AMETEK during the 2nd quarter worth $662,352,000. Bank of New York Mellon Corp acquired a new position in AMETEK during the 2nd quarter worth about $624,725,000. Finally, Dimensional Fund Advisors LP lifted its holdings in AMETEK by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company's stock worth $444,788,000 after buying an additional 29,001 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

AME has been the subject of several recent research reports. Truist Financial increased their price target on AMETEK from $303.00 to $316.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their price objective on AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their price objective on AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on AMETEK from $288.00 to $318.00 and gave the company a "buy" rating in a report on Wednesday, September 30th. Finally, Morgan Stanley set a $275.00 price target on shares of AMETEK in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $274.41.

AMETEK Trading Down 0.2%

NYSE AME opened at $247.91 on Friday. The stock has a market capitalization of $56.82 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.35 and a beta of 0.96. The business has a 50 day simple moving average of $244.55 and a 200 day simple moving average of $236.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. AMETEK, Inc. has a one year low of $182.87 and a one year high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The company'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. Research analysts expect that AMETEK, Inc. will post 8.41 earnings per share for the current year.

AMETEK Announces Dividend

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

Insider Activity at AMETEK

In other news, insider David Hermance sold 6,608 shares of the firm'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 sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.