Mather Group LLC. Buys 3,450 Shares of AMETEK, Inc. $AME

Mather Group LLC. boosted its stake in AMETEK, Inc. (NYSE:AME) by 231.9% in the third quarter, Holdings Channel.com reports. The fund owned 4,938 shares of the technology company’s stock after buying an additional 3,450 shares during the quarter. Mather Group LLC.’s holdings in AMETEK were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

AMETEK Stock Performance

Shares of AME traded down $0.61 during mid-day trading on Friday, hitting $247.91. 1,568,726 shares of the company’s stock were exchanged, compared to its average volume of 1,363,665. 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 fifty-two week low of $182.87 and a fifty-two week high of $261.16. The business’s 50 day moving average is $244.55 and its two-hundred day moving average is $236.74. The firm has a market capitalization of $56.82 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.35 and a beta of 0.96.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. 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, equities analysts expect that AMETEK, Inc. will post 8.41 earnings per share 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 given 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 dividend payout ratio (DPR) is presently 19.88%.

Insider Buying and Selling at AMETEK

In other news, insider David Hermance sold 6,608 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AME shares. Weiss Ratings raised AMETEK from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada increased 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. DA Davidson set a $285.00 target price on shares of AMETEK in a research report on Wednesday, October 7th. KeyCorp lifted their target price on shares of AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of AMETEK from $288.00 to $318.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.41.

AMETEK Company Profile

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.