Citizens Financial Group Inc. RI Purchases 5,502 Shares of AMETEK, Inc. $AME

Key Points

• Citizens Financial Group increased its AMETEK holdings by 190.1% in the third quarter, acquiring 5,502 additional shares for a total position worth approximately $2.08 million. Institutional investors collectively own 87.43% of AMETEK’s stock.
• Analysts maintain a generally positive outlook, with AMETEK receiving a consensus rating of “Moderate Buy” and an average price target of $274.41.
• AMETEK exceeded quarterly earnings expectations, reporting $2.09 in EPS and $2.04 billion in revenue, while revenue rose 15% year over year. The company also pays a quarterly dividend of $0.34, representing a 0.6% yield.

Citizens Financial Group Inc. RI grew its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 190.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,397 shares of the technology company's stock after acquiring an additional 5,502 shares during the quarter. Citizens Financial Group Inc. RI's holdings in AMETEK were worth $2,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of AMETEK during the second quarter valued at approximately $25,000. Fiduciary Financial Advisors acquired a new stake in AMETEK in the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. grew its position in AMETEK by 393.1% in the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company's stock worth $31,000 after acquiring an additional 114 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of AMETEK by 239.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company's stock worth $31,000 after acquiring an additional 91 shares in the last quarter. Finally, GK Wealth Management LLC bought a new stake in AMETEK during the third quarter worth approximately $36,000. 87.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AME. Deutsche Bank Aktiengesellschaft lifted their price objective on AMETEK from $288.00 to $318.00 and gave the stock a "buy" rating in a research note on Wednesday, September 30th. Citigroup raised their price objective on AMETEK from $261.00 to $263.00 and gave the stock a "neutral" rating in a research report on Monday, October 12th. Rothschild & Co Redburn upped their price objective on AMETEK from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Morgan Stanley set a $275.00 price target on AMETEK in a research note on Friday, October 9th. Finally, BMO Capital Markets boosted their price target on shares of AMETEK from $262.00 to $282.00 in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $274.41.

AMETEK Stock Performance

Shares of NYSE:AME opened at $242.84 on Tuesday. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 2.27 and a beta of 0.96. The firm's 50 day simple moving average is $243.80 and its 200 day simple moving average is $233.18. 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 fifty-two week low of $182.87 and a fifty-two week high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business 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, sell-side analysts forecast that AMETEK, Inc. will post 8.41 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK's dividend payout ratio is presently 19.88%.

Insider Buying and Selling 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 shares were sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the completion of the sale, the insider owned 42,509 shares in the company, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.

AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.

The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.

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