Rakuten Investment Management Inc. Invests $2.10 Million in AMETEK, Inc. $AME

Rakuten Investment Management Inc. purchased a new position in AMETEK, Inc. (NYSE:AME) during the third quarter, HoldingsChannel reports. The firm purchased 11,162 shares of the technology company’s stock, valued at approximately $2,098,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its stake in shares of AMETEK by 3.2% in the 2nd quarter. KBC Group NV now owns 289,634 shares of the technology company’s stock worth $52,412,000 after purchasing an additional 9,063 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in AMETEK in the third quarter worth about $2,061,000. Nordea Investment Management AB raised its stake in shares of AMETEK by 246.0% in the third quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock worth $17,344,000 after buying an additional 65,537 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of AMETEK by 3.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 213,676 shares of the technology company’s stock valued at $40,171,000 after buying an additional 6,363 shares in the last quarter. Finally, L. Roy Papp & Associates LLP grew its stake in shares of AMETEK by 17.7% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 43,688 shares of the technology company’s stock valued at $8,213,000 after acquiring an additional 6,582 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Thomas C. Marecic sold 14,310 shares of AMETEK stock in a transaction on Monday, December 15th. The shares were sold at an average price of $202.11, for a total value of $2,892,194.10. Following the completion of the transaction, the insider directly owned 42,589 shares of the company’s stock, valued at $8,607,662.79. This trade represents a 25.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas M. Montgomery sold 6,388 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the sale, the vice president owned 22,116 shares in the company, valued at $4,534,885.80. This represents a 22.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 163,378 shares of company stock valued at $32,471,654. 0.57% of the stock is owned by company insiders.

AMETEK Stock Down 0.5%

AME opened at $220.86 on Friday. The company has a market capitalization of $50.84 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 3.02 and a beta of 1.04. The firm has a 50-day simple moving average of $204.60 and a two-hundred day simple moving average of $192.44. The company has a quick ratio of 0.72, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $224.37.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. AMETEK had a return on equity of 16.66% and a net margin of 20.50%.The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. Analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, December 5th. AMETEK’s dividend payout ratio is currently 19.56%.

Analysts Set New Price Targets

AME has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of AMETEK from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. TD Cowen upgraded shares of AMETEK from a “sell” rating to a “buy” rating in a research report on Tuesday, December 23rd. Truist Financial upped their target price on shares of AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. DA Davidson raised their price target on AMETEK from $235.00 to $240.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Melius Research set a $235.00 price objective on AMETEK in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average target price of $229.82.

About AMETEK

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.