Convergence Financial LLC Sells 11,630 Shares of AMETEK, Inc. $AME

Key Points

• Convergence Financial reduced its AMETEK stake by 51.5% in the third quarter, selling 11,630 shares and retaining 10,959 shares valued at approximately $2.7 million. Institutional investors collectively own 87.43% of the company.
• Analysts remain broadly positive, with AMETEK holding a consensus “Moderate Buy” rating and an average price target of $274.41. Recent targets range from $275 to $300.
• AMETEK reported quarterly revenue of $2.04 billion and earnings of $2.09 per share, exceeding expectations, while revenue increased 15% year over year. The company also paid a quarterly dividend of $0.34 per share, a 0.5% annualized yield.

Convergence Financial LLC reduced its position in AMETEK, Inc. (NYSE:AME - Free Report) by 51.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,959 shares of the technology company's stock after selling 11,630 shares during the quarter. Convergence Financial LLC's holdings in AMETEK were worth $2,715,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AME. Frazier Financial Advisors LLC acquired a new stake in AMETEK in the second quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new stake in AMETEK in the 2nd quarter valued at approximately $27,000. Elevation Wealth Partners LLC boosted its holdings in AMETEK by 239.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company's stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. GK Wealth Management LLC acquired a new position in AMETEK during the 3rd quarter worth approximately $36,000. Finally, SJS Investment Consulting Inc. increased its position in AMETEK by 393.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company's stock worth $31,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AME shares. KeyCorp raised their price target on AMETEK from $260.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Morgan Stanley set a $275.00 price target on AMETEK in a research note on Friday, October 9th. Seaport Research Partners upped their price objective on AMETEK from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. DA Davidson set a $285.00 price objective on AMETEK in a research report on Wednesday, October 7th. Finally, Weiss Ratings raised AMETEK from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $274.41.

AMETEK Stock Performance

AME opened at $248.15 on Thursday. AMETEK, Inc. has a 1-year low of $182.87 and a 1-year high of $261.16. The stock has a market cap of $56.87 billion, a P/E ratio of 36.28, a P/E/G ratio of 2.27 and a beta of 0.96. The stock's 50 day simple moving average is $243.35 and its 200 day simple moving average is $233.69. 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 (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. AMETEK's revenue was up 15.0% on a year-over-year basis. 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 analysts anticipate that AMETEK, Inc. will post 8.41 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid 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 (DPR) is 19.88%.

Insider Buying and Selling at AMETEK

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 completion of the transaction, the insider directly owned 42,509 shares in the company, valued at $10,797,286. The trade was a 13.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

AMETEK 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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