Norges Bank Invests $831.37 Million in AMETEK, Inc. $AME

Norges Bank bought a new position in AMETEK, Inc. (NYSE:AME) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,049,351 shares of the technology company’s stock, valued at approximately $831,372,000.

Several other hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd lifted its stake in shares of AMETEK by 0.4% in the 4th quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock worth $2,218,000 after acquiring an additional 47 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its stake in shares of AMETEK by 4.0% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock worth $257,000 after acquiring an additional 48 shares during the period. Washington Trust Advisors Inc. lifted its stake in shares of AMETEK by 6.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock worth $175,000 after acquiring an additional 50 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of AMETEK by 2.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,816 shares of the technology company’s stock worth $373,000 after acquiring an additional 51 shares during the period. Finally, ICW Investment Advisors LLC lifted its stake in shares of AMETEK by 0.7% in the 4th quarter. ICW Investment Advisors LLC now owns 7,831 shares of the technology company’s stock worth $1,608,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Mizuho set a $270.00 price target on shares of AMETEK in a report on Friday, May 1st. Royal Bank Of Canada increased their price target on shares of AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Morgan Stanley increased their price target on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of AMETEK in a report on Monday, May 4th. Finally, Barclays increased their price target on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average target price of $252.33.

Insider Activity at AMETEK

In other news, Director Thomas A. Amato sold 530 shares of AMETEK stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the completion of the sale, the director directly owned 4,480 shares in the company, valued at $971,174.40. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

AMETEK Stock Performance

NYSE:AME opened at $226.13 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $226.17 and a two-hundred day moving average price of $218.09. AMETEK, Inc. has a twelve month low of $174.43 and a twelve month high of $243.18. The company has a market capitalization of $51.83 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 3.17 and a beta of 1.03.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $1.75 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. As a group, research analysts expect that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is 20.54%.

AMETEK Profile

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.