Legal & General Group Plc Purchases 46,625 Shares of AMETEK, Inc. $AME

Legal & General Group Plc boosted its holdings in shares of AMETEK, Inc. (NYSE:AME) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,403,746 shares of the technology company’s stock after acquiring an additional 46,625 shares during the period. Legal & General Group Plc owned 0.61% of AMETEK worth $263,904,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. KBC Group NV grew its position in shares of AMETEK by 3.2% during the 2nd quarter. KBC Group NV now owns 289,634 shares of the technology company’s stock valued at $52,412,000 after acquiring an additional 9,063 shares during the period. Principal Financial Group Inc. boosted its position in AMETEK by 4.9% during the third quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company’s stock worth $384,096,000 after purchasing an additional 94,645 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in AMETEK by 22.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company’s stock valued at $7,116,000 after purchasing an additional 6,911 shares during the period. Nordea Investment Management AB increased its position 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 valued at $17,344,000 after buying an additional 65,537 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of AMETEK in the third quarter valued at approximately $118,311,000. Institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling

In other AMETEK news, CEO David A. Zapico sold 28,390 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.76, for a total transaction of $5,727,966.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas C. Marecic sold 14,310 shares of the company’s 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 sale, the insider owned 42,589 shares of the company’s stock, valued at approximately $8,607,662.79. The trade was a 25.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 49,088 shares of company stock worth $9,930,020. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AME has been the topic of a number of recent analyst reports. Barclays increased their target price on AMETEK from $210.00 to $220.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. KeyCorp increased their price objective on shares of AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $257.00 target price on shares of AMETEK in a research report on Wednesday, February 4th. Truist Financial set a $265.00 price target on shares of AMETEK in a research report on Wednesday, February 4th. Finally, Oppenheimer cut AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.00.

AMETEK Stock Performance

AME opened at $224.12 on Thursday. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $242.05. The firm has a market capitalization of $51.32 billion, a PE ratio of 35.02, a PEG ratio of 3.23 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $224.46 and its 200 day moving average price is $203.71.

AMETEK (NYSE:AME) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. AMETEK’s quarterly revenue was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. As a group, sell-side analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.34 dividend. This is a boost from AMETEK’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, March 16th. AMETEK’s payout ratio is 21.25%.

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.