Vontobel Holding Ltd. Purchases 397,318 Shares of AMETEK, Inc. $AME

Key Points

• Vontobel Holding increased its AMETEK stake by 7,225.3% in the third quarter, purchasing 397,318 additional shares and bringing its holdings to 402,817 shares valued at approximately $107.5 million.
• AMETEK has strong institutional backing, with institutional investors owning 87.43% of shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $274.41, above the reported share price of $247.91.
• AMETEK exceeded quarterly expectations, reporting $2.09 in EPS and $2.04 billion in revenue, while revenue rose 15% year over year. The company also declared a quarterly dividend of $0.34 per share, representing a 0.5% annualized yield.

Vontobel Holding Ltd. lifted its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 7,225.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,817 shares of the technology company's stock after buying an additional 397,318 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.18% of AMETEK worth $107,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AME. BlackRock Inc. bought a new position in shares of AMETEK during the second quarter worth about $4,725,928,000. Flossbach Von Storch SE purchased a new position in AMETEK in the 2nd quarter worth about $662,352,000. Bank of New York Mellon Corp acquired a new stake in AMETEK during the 2nd quarter valued at $624,725,000. Bank of America Corp DE purchased a new stake in shares of AMETEK in the second quarter worth approximately $391,801,000. Finally, Man Group plc purchased a new position in AMETEK in the second quarter valued at about $356,499,000. 87.43% of the stock is owned by institutional investors.

Insider Activity

In other 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 legal filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of AMETEK from $275.00 to $280.00 and gave the company a "neutral" rating in a research report on Monday, October 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 target for the company. BMO Capital Markets raised their target price on AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. Rothschild & Co Redburn raised their price target on AMETEK from $265.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, BNP Paribas Exane lifted their price objective on AMETEK from $280.00 to $290.00 and gave the stock an "outperform" rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, AMETEK presently has an average rating of "Moderate Buy" and a consensus price target of $274.41.

AMETEK Price Performance

NYSE:AME traded down $0.61 during trading hours on Friday, hitting $247.91. The company's stock had a trading volume of 1,568,726 shares, compared to its average volume of 1,363,665. The company has a market capitalization of $56.82 billion, a P/E ratio of 36.24, a PEG ratio of 2.35 and a beta of 0.96. 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 stock has a fifty day simple moving average of $244.55 and a 200-day simple moving average of $236.74. AMETEK, Inc. has a twelve month low of $182.87 and a twelve month high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. 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 prior year, the company posted $1.78 EPS. The company'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. On average, analysts anticipate that AMETEK, Inc. will post 8.41 EPS for the current fiscal year.

AMETEK Announces Dividend

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

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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