AMETEK, Inc. $AME Stake Lifted by Mechanics Bank Trust Department

Mechanics Bank Trust Department lifted its stake in AMETEK, Inc. (NYSE:AME) by 227.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,391 shares of the technology company’s stock after buying an additional 2,356 shares during the period. Mechanics Bank Trust Department’s holdings in AMETEK were worth $840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AME. BlackRock Inc. acquired a new position in AMETEK in the second quarter valued at $4,725,928,000. Wellington Management Group LLP grew its holdings in shares of AMETEK by 7.0% during the second quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company’s stock worth $724,387,000 after purchasing an additional 196,986 shares during the last quarter. Flossbach Von Storch SE acquired a new stake in shares of AMETEK during the second quarter worth about $662,352,000. Bank of New York Mellon Corp acquired a new stake in shares of AMETEK during the second quarter worth about $624,725,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 29,001 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

AMETEK stock traded up $0.86 during midday trading on Tuesday, hitting $250.75. 896,864 shares of the company’s stock were exchanged, compared to its average volume of 1,300,580. AMETEK, Inc. has a 12-month low of $180.16 and a 12-month high of $261.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The stock has a market cap of $57.47 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The firm’s 50 day simple moving average is $244.88 and its 200 day simple moving average is $236.13.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. 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 prior year, the company earned $1.78 earnings per share. The business’s 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 predict that AMETEK, Inc. will post 8.41 EPS for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.34 per share. 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 is currently 19.88%.

Insider Buying and Selling

In other AMETEK news, insider David Hermance sold 6,608 shares of the 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 sale, the insider directly owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AME has been the subject of several research reports. Zacks Research raised AMETEK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Truist Financial raised their price target on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets lifted their price target on AMETEK from $262.00 to $282.00 in a research report on Wednesday, August 5th. Citigroup boosted their price objective on AMETEK from $261.00 to $263.00 and gave the company a “neutral” rating in a research note on Monday. Finally, KeyCorp increased their price objective on AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, August 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $274.41.

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.