Sigma Planning Corp Purchases 4,136 Shares of AMETEK, Inc. $AME

Sigma Planning Corp bought a new stake in AMETEK, Inc. (NYSE:AME) during the 3rd quarter, HoldingsChannel reports. The fund bought 4,136 shares of the technology company’s stock, valued at approximately $1,025,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of AMETEK in the second quarter valued at approximately $4,725,928,000. Flossbach Von Storch SE bought a new stake in shares of AMETEK in the 2nd quarter worth approximately $662,352,000. Bank of New York Mellon Corp acquired a new stake in shares of AMETEK during the 2nd quarter valued at $624,725,000. Bank of America Corp DE acquired a new position in shares of AMETEK in the second quarter worth about $391,801,000. Finally, Man Group plc acquired a new position in AMETEK in the 2nd quarter worth approximately $356,499,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Up 1.5%

Shares of AME stock opened at $251.95 on Friday. The firm’s fifty day simple moving average is $243.52 and its 200 day simple moving average is $233.90. The firm has a market capitalization of $57.75 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a 1 year low of $188.47 and a 1 year high of $261.16.

AMETEK (NYSE:AME) last released 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. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. As a group, sell-side analysts predict that AMETEK, Inc. will post 8.41 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.34 per share. 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 payout ratio is presently 19.88%.

Insiders Place Their Bets

In other AMETEK news, insider David Hermance sold 6,608 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on AMETEK from $288.00 to $318.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Morgan Stanley set a $275.00 target price on shares of AMETEK in a research note on Friday, October 9th. Citigroup increased their target price on shares of AMETEK from $261.00 to $263.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Truist Financial raised their price objective on AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, DA Davidson set a $285.00 target price on AMETEK in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.41.

AMETEK Profile

AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.

AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.

The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.