AMETEK, Inc. $AME Stock Position Increased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. raised its stake in shares of AMETEK, Inc. (NYSE:AME) by 459.8% in the 3rd quarter, Holdings Channel reports. The firm owned 8,963 shares of the technology company’s stock after acquiring an additional 7,362 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in AMETEK were worth $2,220,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. National Pension Service grew its holdings in AMETEK by 1.6% during the 2nd quarter. National Pension Service now owns 338,990 shares of the technology company’s stock valued at $82,015,000 after buying an additional 5,382 shares in the last quarter. Wescott Financial Advisory Group LLC purchased a new stake in shares of AMETEK during the 4th quarter worth approximately $1,122,000. Fifth Third Bancorp boosted its position in shares of AMETEK by 1,060.3% during the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after acquiring an additional 75,799 shares during the last quarter. Groupe la Francaise boosted its position in shares of AMETEK by 15.6% during the 2nd quarter. Groupe la Francaise now owns 154,326 shares of the technology company’s stock valued at $37,361,000 after acquiring an additional 20,780 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of AMETEK by 93.0% in the first quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock valued at $55,025,000 after purchasing an additional 123,719 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

Insider Transactions at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the sale, the insider owned 42,509 shares of the company’s stock, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

AMETEK Trading Down 2.1%

NYSE AME traded down $5.34 on Wednesday, hitting $248.38. 1,224,517 shares of the stock were exchanged, compared to its average volume of 1,308,902. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The stock has a fifty day moving average price of $244.30 and a two-hundred day moving average price of $234.87. The firm has a market capitalization of $56.93 billion, a P/E ratio of 36.31, a P/E/G ratio of 2.38 and a beta of 0.96. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Research analysts forecast that AMETEK, Inc. will post 8.42 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s dividend payout ratio is 19.88%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Vertical Research initiated coverage on shares of AMETEK in a research note on Tuesday, September 8th. They set a “buy” rating and a $255.00 price target on the stock. Royal Bank Of Canada lifted their price objective on shares of AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. DA Davidson set a $285.00 target price on shares of AMETEK in a research report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

About AMETEK

AMETEK, Inc (NYSE: AME) is a global manufacturer of industrial technology products. The company develops and produces electronic instruments and electromechanical devices used in process, industrial, aerospace, power, energy, and other specialized markets.

AMETEK’s Electronic Instruments segment supplies products such as process and analytical instruments, measurement and testing equipment, power-quality monitoring systems, automation and control solutions, and equipment for aerospace and defense applications.