Pinnbrook Capital Management LP acquired a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 52,161 shares of the technology company’s stock, valued at approximately $10,709,000. AMETEK accounts for 1.5% of Pinnbrook Capital Management LP’s holdings, making the stock its 16th biggest holding.
Other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK during the second quarter worth $25,000. CoreCap Advisors LLC grew its stake in shares of AMETEK by 84.3% during the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after purchasing an additional 59 shares during the period. BOKF NA grew its stake in shares of AMETEK by 137.7% during the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after purchasing an additional 84 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of AMETEK during the fourth quarter worth $32,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in AMETEK during the third quarter worth about $39,000. 87.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on AME shares. Barclays lifted their target price on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Truist Financial reiterated a “buy” rating and set a $275.00 target price (up from $265.00) on shares of AMETEK in a report on Monday, May 4th. TD Cowen reiterated a “buy” rating on shares of AMETEK in a report on Tuesday, February 3rd. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of AMETEK in a report on Monday, May 4th. Finally, Robert W. Baird set a $244.00 target price on AMETEK in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.
Insider Activity at AMETEK
In other news, Director Thomas A. Amato sold 530 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the sale, the director directly owned 4,480 shares in the company, valued at $971,174.40. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.
AMETEK Stock Performance
AME stock opened at $223.11 on Friday. The firm has a market cap of $51.14 billion, a PE ratio of 33.70, a P/E/G ratio of 3.15 and a beta of 1.03. The business’s 50-day moving average price is $224.96 and its two-hundred day moving average price is $217.03. AMETEK, Inc. has a 1-year low of $174.43 and a 1-year high of $243.18. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.
AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 earnings per share. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. As a group, research analysts forecast that AMETEK, Inc. will post 8.13 earnings per share for the current year.
AMETEK Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. AMETEK’s payout ratio is 20.54%.
AMETEK Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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