MassMutual Private Wealth & Trust FSB Acquires 5,410 Shares of AMETEK, Inc. $AME

Key Points

• MassMutual Private Wealth & Trust FSB increased its AMETEK holdings by 450.1% in the third quarter, adding 5,410 shares for a total of 6,612 shares valued at approximately $1.64 million. Institutional investors and hedge funds collectively own 87.43% of the company.
• AMETEK reported quarterly earnings of $2.09 per share, exceeding estimates of $1.99, while revenue rose 15% year over year to $2.04 billion. The stock opened at $252.53, near its 12-month high of $261.16.
• The company paid a quarterly dividend of $0.34 per share, equivalent to a 0.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $267, while several firms recently raised their targets.

MassMutual Private Wealth & Trust FSB increased its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 450.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,612 shares of the technology company's stock after acquiring an additional 5,410 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in AMETEK were worth $1,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of AMETEK in the second quarter valued at about $4,725,928,000. Wellington Management Group LLP grew its holdings 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 acquiring an additional 196,986 shares during the last quarter. Flossbach Von Storch SE bought a new stake in AMETEK during the 2nd quarter worth about $662,352,000. Bank of New York Mellon Corp acquired a new stake in AMETEK in the 2nd quarter valued at about $624,725,000. Finally, Dimensional Fund Advisors LP increased its position in AMETEK by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company's stock valued at $444,788,000 after acquiring an additional 29,001 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

AME stock opened at $252.53 on Tuesday. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The company has a market cap of $57.88 billion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. The business's fifty day moving average is $244.05 and its 200-day moving average is $234.58.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping 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 analysts' expectations of $1.95 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm's quarterly 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. Equities research analysts forecast that AMETEK, Inc. will post 8.42 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared 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 (DPR) is currently 19.88%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AME shares. Robert W. Baird upped their target price on shares of AMETEK from $275.00 to $280.00 and gave the stock a "neutral" rating in a research report on Monday. DA Davidson boosted their price objective on shares of AMETEK from $265.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a report on Thursday, August 6th. Morgan Stanley increased their price objective on AMETEK from $235.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. Finally, BNP Paribas Exane lifted their target price on AMETEK from $280.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, September 11th. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $267.00.

Insider Activity

In related news, insider David Hermance sold 6,608 shares of the company's stock in a transaction on 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 completion of the sale, the insider owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company 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.

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