Nisa Investment Advisors LLC lifted its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 6.2% in the third quarter, HoldingsChannel reports. The fund owned 69,646 shares of the technology company’s stock after purchasing an additional 4,083 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AMETEK were worth $17,253,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AME. Robeco Institutional Asset Management B.V. lifted its position in AMETEK by 10.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 578,740 shares of the technology company’s stock worth $143,371,000 after purchasing an additional 56,734 shares during the period. Diversify Advisory Services LLC increased its position in shares of AMETEK by 1.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,476 shares of the technology company’s stock valued at $864,000 after purchasing an additional 65 shares during the period. Petredis Investment Advisors LLC increased its position in shares of AMETEK by 0.3% during the 3rd quarter. Petredis Investment Advisors LLC now owns 31,062 shares of the technology company’s stock valued at $7,695,000 after purchasing an additional 82 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AMETEK by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 42,449 shares of the technology company’s stock worth $10,516,000 after buying an additional 741 shares in the last quarter. Finally, Investment Research Partners LLC raised its stake in shares of AMETEK by 7.8% in the 3rd quarter. Investment Research Partners LLC now owns 5,832 shares of the technology company’s stock worth $1,445,000 after buying an additional 423 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.
AMETEK Trading Up 1.2%
AMETEK stock opened at $250.43 on Thursday. The firm has a market cap of $57.40 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96. AMETEK, Inc. has a 1 year low of $182.87 and a 1 year high of $261.16. The firm’s 50 day moving average price is $244.11 and its two-hundred day moving average price is $237.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21.
AMETEK (NYSE:AME – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, research analysts predict that AMETEK, Inc. will post 8.41 EPS for the current fiscal 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 issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 15th. AMETEK’s payout ratio is presently 19.88%.
Insider Activity
In other news, insider David Hermance sold 6,608 shares of the business’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 sale, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. The trade was 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 link. 0.54% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on AME. Royal Bank Of Canada upped their price objective on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Truist Financial lifted their target price on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of AMETEK from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. DA Davidson set a $285.00 price target on shares of AMETEK in a report on Wednesday, October 7th. Finally, TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $274.41.
Get Our Latest Stock Analysis on AMETEK
AMETEK Company 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.
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