TrinityBridge Ltd Buys 2,998 Shares of AMETEK, Inc. $AME

TrinityBridge Ltd boosted its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 25.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,878 shares of the technology company’s stock after purchasing an additional 2,998 shares during the quarter. TrinityBridge Ltd’s holdings in AMETEK were worth $3,687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its holdings in AMETEK by 1,002.4% during the second quarter. QRG Capital Management Inc. now owns 132,612 shares of the technology company’s stock worth $32,084,000 after purchasing an additional 120,583 shares during the last quarter. National Pension Service boosted its position in AMETEK by 1.6% during the second quarter. National Pension Service now owns 338,990 shares of the technology company’s stock worth $82,015,000 after purchasing an additional 5,382 shares in the last quarter. Fifth Third Bancorp grew its holdings in AMETEK by 1,060.3% in the first quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after purchasing an additional 75,799 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in AMETEK by 450.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 6,612 shares of the technology company’s stock valued at $1,638,000 after purchasing an additional 5,410 shares during the last quarter. Finally, Groupe la Francaise increased its position in shares of AMETEK by 15.6% in the second quarter. Groupe la Francaise now owns 154,326 shares of the technology company’s stock valued at $37,361,000 after buying an additional 20,780 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AME has been the topic of several recent research reports. DA Davidson set a $285.00 price objective on shares of AMETEK in a research report on Wednesday, October 7th. Truist Financial raised their target price on shares of AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Robert W. Baird raised their target price on shares of AMETEK from $275.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Citigroup lifted their target price on shares of AMETEK from $261.00 to $263.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Finally, Vertical Research started coverage on shares of AMETEK in a report on Tuesday, September 8th. They issued a “buy” rating and a $255.00 price target on the stock. One equities research 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $277.19.

Check Out Our Latest Stock Analysis on AMETEK

Insiders Place Their Bets

In related news, insider David Hermance sold 6,608 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

AMETEK Stock Performance

AMETEK stock opened at $249.51 on Wednesday. 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 fifty day moving average of $243.74 and a two-hundred day moving average of $234.40. The company has a market capitalization of $57.19 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.29 and a beta of 0.96. AMETEK, Inc. has a fifty-two week low of $188.47 and a fifty-two week high of $261.16.

AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts anticipate that AMETEK, Inc. will post 8.41 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid 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 payout ratio is presently 19.88%.

Key AMETEK News

Here are the key news stories impacting AMETEK this week:

  • Positive Sentiment: Q3 adjusted earnings were $2.21 per share, above the roughly $2.11 analyst consensus and up from $1.89 a year earlier. Revenue rose 17.3% year over year to $2.22 billion, also topping estimates of about $2.12 billion. AMETEK Q3 results and guidance
  • Positive Sentiment: The company raised its full-year guidance, forecasting 2026 EPS of $8.53–$8.57. Management also pointed to mid-teens sales growth following the Indicor deal, reinforcing expectations for acquisition-supported expansion. 2026 outlook
  • Positive Sentiment: AMETEK Programmable Power was awarded a $29.8 million U.S. Air Force contract for VDATS kits. The award adds to potential business, though it is smaller than the company’s overall quarterly revenue. Air Force contract

AMETEK Company Profile

(Free Report)

AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.

AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.

The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.

See Also

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME – Free Report).

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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