AMETEK, Inc. $AME Stock Sold by First Merchants Corp

First Merchants Corp decreased its holdings in AMETEK, Inc. (NYSE:AME) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,707 shares of the technology company’s stock after selling 2,251 shares during the period. First Merchants Corp’s holdings in AMETEK were worth $9,837,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AME. National Pension Service boosted its stake in shares of AMETEK by 1.6% during the 2nd quarter. National Pension Service now owns 338,990 shares of the technology company’s stock valued at $82,015,000 after buying an additional 5,382 shares during the period. Fifth Third Bancorp grew its holdings in shares of AMETEK by 1,060.3% during the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after acquiring an additional 75,799 shares in the last quarter. Groupe la Francaise grew its holdings in shares of AMETEK by 15.6% during the 2nd quarter. Groupe la Francaise now owns 154,326 shares of the technology company’s stock valued at $37,361,000 after acquiring an additional 20,780 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of AMETEK by 93.0% during the 1st quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock valued at $55,025,000 after acquiring an additional 123,719 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of AMETEK by 1,002.4% in the second quarter. QRG Capital Management Inc. now owns 132,612 shares of the technology company’s stock worth $32,084,000 after acquiring an additional 120,583 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Activity

In other news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AME shares. Vertical Research assumed coverage on 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 target price on AMETEK in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on AMETEK from $288.00 to $318.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.41.

AMETEK Stock Up 0.8%

AME stock opened at $248.91 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a 1 year low of $182.87 and a 1 year high of $261.16. The company has a fifty day simple moving average of $244.67 and a 200 day simple moving average of $236.66. The firm has a market cap of $57.05 billion, a PE ratio of 36.39, a PEG ratio of 2.34 and a beta of 0.96.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business earned $1.78 EPS. The firm’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. Sell-side 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. Stockholders of record on Tuesday, September 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend 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%.

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.