Rakuten Investment Management Inc. acquired a new stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,146 shares of the technology company’s stock, valued at approximately $10,319,000.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of AMETEK during the second quarter worth about $4,725,928,000. Wellington Management Group LLP raised its position in shares of AMETEK by 7.0% during the 2nd 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 purchased a new position in AMETEK in the 2nd quarter valued at about $662,352,000. Bank of New York Mellon Corp purchased a new position in AMETEK in the 2nd quarter valued at about $624,725,000. Finally, Dimensional Fund Advisors LP boosted its holdings in AMETEK by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company’s stock worth $444,788,000 after buying an additional 29,001 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Stock Performance
AME opened at $222.59 on Friday. AMETEK, Inc. has a twelve month low of $188.47 and a twelve month high of $261.16. The firm has a market capitalization of $51.04 billion, a PE ratio of 31.40, a PEG ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $243.19 and its 200 day moving average price is $234.54.
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.12%. AMETEK’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS. As a group, sell-side analysts expect that AMETEK, Inc. will post 8.59 EPS for the current fiscal year.
Analyst Ratings Changes
AME has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on AMETEK from $291.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird raised their target price on AMETEK from $275.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Weiss Ratings lowered AMETEK from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Zacks Research upgraded AMETEK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, KeyCorp raised 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 assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $278.06.
Check Out Our Latest Report on AMETEK
AMETEK News Summary
Here are the key news stories impacting AMETEK this week:
- Positive Sentiment: AMETEK reported record third-quarter sales, with earnings beating estimates. Organic sales growth, a record backlog and margin expansion supported higher 2026 earnings and free-cash-flow guidance. Zacks Q3 earnings article
- Positive Sentiment: RBC raised its price target to $308 from $291 and maintained an Outperform rating. RBC price-target update
- Positive Sentiment: Citigroup lifted its target to $270 from $263, while keeping a Neutral rating. Citigroup rating
- Neutral Sentiment: Mizuho lowered its target to $275 from $285 but retained an Outperform rating, reflecting a more cautious target alongside continued optimism. Mizuho price-target update
- Negative Sentiment: AME fell sharply after the results, despite the earnings beat and raised outlook. The reaction suggests investors may have been expecting more or were taking profits; the cited coverage does not confirm a specific catalyst. Yahoo Finance analysis of AMETEK’s post-results decline
About AMETEK
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
- Five stocks we like better than AMETEK
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
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).
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
