NorthCrest Asset Manangement LLC Acquires 8,234 Shares of AMETEK, Inc. $AME

Key Points

• NorthCrest Asset Management increased its AMETEK holdings by 150.4% in the third quarter, acquiring 8,234 shares for a total position of 13,707 shares valued at approximately $3.4 million. Institutional investors collectively own 87.43% of the company.
• Analysts maintain a positive outlook, with AMETEK receiving a consensus “Moderate Buy” rating and an average price target of $274.41. KeyCorp raised its target to $295, while several other analysts also increased or initiated favorable coverage.
• AMETEK recently exceeded quarterly expectations, reporting $2.09 in earnings per share and $2.04 billion in revenue, up 15% year over year. The company also maintains a quarterly dividend of $0.34 per share, equal to a 0.5% annual yield.

NorthCrest Asset Manangement LLC raised its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 150.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,707 shares of the technology company's stock after acquiring an additional 8,234 shares during the period. NorthCrest Asset Manangement LLC's holdings in AMETEK were worth $3,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AME. Root Financial Partners LLC increased its position in shares of AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock worth $69,000 after purchasing an additional 50 shares during the last quarter. Advocacy Wealth Management LLC raised its stake in AMETEK by 1.0% in the second quarter. Advocacy Wealth Management LLC now owns 5,422 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 52 shares in the last quarter. Drucker Wealth 3.0 LLC lifted its position in AMETEK by 4.7% during the first quarter. Drucker Wealth 3.0 LLC now owns 1,187 shares of the technology company's stock valued at $255,000 after purchasing an additional 53 shares during the last quarter. Earned Wealth Advisors LLC lifted its position in AMETEK by 5.9% during the first quarter. Earned Wealth Advisors LLC now owns 1,209 shares of the technology company's stock valued at $259,000 after purchasing an additional 67 shares during the last quarter. Finally, Tobam lifted its position in AMETEK by 32.3% during the fourth quarter. Tobam now owns 303 shares of the technology company's stock valued at $62,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

Insider Buying and Selling

In related news, insider David Hermance sold 6,608 shares of AMETEK 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 transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on AME shares. KeyCorp boosted their price target on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. BMO Capital Markets raised their price objective on shares of AMETEK from $262.00 to $282.00 in a research report on Wednesday, August 5th. Vertical Research began coverage on shares of AMETEK in a report on Tuesday, September 8th. They set a "buy" rating and a $255.00 price objective for the company. DA Davidson set a $285.00 price objective on shares of AMETEK in a report on Wednesday, October 7th. Finally, 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, October 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK presently has a consensus rating of "Moderate Buy" and an average price target of $274.41.

AMETEK Stock Up 0.3%

Shares of NYSE AME opened at $250.75 on Wednesday. AMETEK, Inc. has a one year low of $180.16 and a one year high of $261.16. 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's 50 day simple moving average is $244.88 and its two-hundred day simple moving average is $236.13. The stock has a market capitalization of $57.47 billion, a P/E ratio of 31.39, a PEG ratio of 2.37 and a beta of 0.96.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business's revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. 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, analysts expect that AMETEK, Inc. will post 8.41 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, September 15th. AMETEK's dividend payout ratio (DPR) is presently 19.88%.

AMETEK 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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