BlackRock Inc. acquired a new stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,533,471 shares of the technology company's stock, valued at approximately $4,725,928,000. BlackRock Inc. owned about 8.52% of AMETEK at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC boosted its stake in AMETEK by 2.2% in the fourth quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company's stock valued at $406,000 after acquiring an additional 43 shares during the period. Plato Investment Management Ltd grew its stake in AMETEK by 0.4% during the 4th quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company's stock worth $2,218,000 after buying an additional 47 shares during the last quarter. Allegiance Financial Group Advisory Services LLC grew its stake in AMETEK by 4.0% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company's stock worth $257,000 after buying an additional 48 shares during the last quarter. Washington Trust Advisors Inc. increased its position in AMETEK by 6.2% in the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company's stock worth $175,000 after buying an additional 50 shares during the period. Finally, Root Financial Partners LLC lifted its stake in AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock valued at $69,000 after buying an additional 50 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
AMETEK Stock Down 1.6%
AME stock opened at $250.21 on Wednesday. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. The company's 50 day simple moving average is $239.95 and its 200-day simple moving average is $231.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The firm has a market capitalization of $57.35 billion, a P/E ratio of 36.58, a P/E/G ratio of 3.26 and a beta of 0.98.
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 for the quarter, topping analysts' consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business posted $1.78 earnings per share. AMETEK's revenue for the quarter 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. As a group, equities research analysts anticipate that AMETEK, Inc. will post 8.33 EPS for the current year.
AMETEK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.34 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK's payout ratio is presently 19.88%.
Analyst Ratings Changes
AME has been the topic of several recent analyst reports. Robert W. Baird set a $275.00 target price on AMETEK in a research note on Wednesday, August 5th. Citigroup raised their price target on AMETEK from $257.00 to $261.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. TD Cowen restated a "buy" rating on shares of AMETEK in a research note on Thursday, August 6th. Seaport Research Partners reiterated a "buy" rating and issued a $290.00 target price on shares of AMETEK in a research report on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $266.80.
View Our Latest Analysis on AME
Insider Buying and Selling at AMETEK
In other news, insider David F. Hermance sold 6,608 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.
AMETEK Company Profile
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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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