Inceptionr LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) during the first quarter, HoldingsChannel.com reports. The firm bought 3,858 shares of the technology company’s stock, valued at approximately $827,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AME. State Street Corp raised its holdings in AMETEK by 2.0% in the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock valued at $2,044,140,000 after acquiring an additional 192,677 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AMETEK by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock worth $1,204,722,000 after purchasing an additional 37,651 shares during the last quarter. Invesco Ltd. grew its position in shares of AMETEK by 4.9% in the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after purchasing an additional 209,043 shares during the period. Norges Bank acquired a new position in AMETEK in the fourth quarter valued at $831,372,000. Finally, Morgan Stanley increased its stake in AMETEK by 2.9% in the fourth quarter. Morgan Stanley now owns 3,963,062 shares of the technology company’s stock valued at $813,657,000 after purchasing an additional 110,037 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Barclays increased their price objective on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Finally, Morgan Stanley boosted their target price on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.29.
AMETEK Price Performance
AME opened at $242.10 on Friday. AMETEK, Inc. has a 52-week low of $175.61 and a 52-week high of $244.71. The company has a 50 day moving average of $231.91 and a two-hundred day moving average of $227.51. The company has a market cap of $55.49 billion, a P/E ratio of 36.57, a P/E/G ratio of 3.38 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.
AMETEK (NYSE:AME – Get Free Report) last issued its earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, analysts expect that AMETEK, Inc. will post 8.14 earnings per share for the current year.
AMETEK Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, June 15th. AMETEK’s dividend payout ratio is currently 20.54%.
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.
Read More
- Five stocks we like better than AMETEK
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
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.
