AMETEK, Inc. $AME Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of AMETEK, Inc. (NYSE:AME) by 147.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,917 shares of the technology company’s stock after purchasing an additional 44,076 shares during the period. State of Alaska Department of Revenue’s holdings in AMETEK were worth $18,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of AMETEK in the second quarter worth about $4,725,928,000. Wellington Management Group LLP lifted its stake in AMETEK by 7.0% in the 2nd quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company’s stock worth $724,387,000 after acquiring an additional 196,986 shares in the last quarter. Flossbach Von Storch SE acquired a new stake in shares of AMETEK during the 2nd quarter valued at $662,352,000. Bank of New York Mellon Corp purchased a new position in AMETEK in the second quarter valued at about $624,725,000. Finally, Dimensional Fund Advisors LP boosted its holdings in AMETEK by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company’s stock worth $444,788,000 after purchasing an additional 29,001 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Down 0.4%

Shares of NYSE:AME traded down $1.04 during midday trading on Thursday, hitting $245.79. 843,186 shares of the stock were exchanged, compared to its average volume of 1,298,603. The stock has a market capitalization of $56.34 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 2.37 and a beta of 0.96. 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 business’s 50-day moving average price is $244.72 and its 200 day moving average price is $236.38. AMETEK, Inc. has a 12 month low of $182.87 and a 12 month high of $261.16.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.95 billion. During the same quarter last year, the business earned $1.78 EPS. The firm’s quarterly 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. Analysts predict that AMETEK, Inc. will post 8.41 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Insider Transactions at AMETEK

In related news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. This trade represents a 13.45% decrease in their position. 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 corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley set a $275.00 target price on AMETEK in a research report on Friday, October 9th. Citigroup lifted their price target on AMETEK from $261.00 to $263.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird lifted their price objective on shares of AMETEK from $275.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Royal Bank Of Canada lifted their price target on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, BMO Capital Markets boosted their price target on AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $274.41.

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.