Deutsche Bank AG acquired a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,259,001 shares of the technology company’s stock, valued at approximately $304,603,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock valued at $101,901,000 after purchasing an additional 28,621 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of AMETEK during the fourth quarter worth about $1,027,000. Fifth Third Bancorp grew its holdings in shares of AMETEK by 1,060.3% during the first quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock worth $17,781,000 after buying an additional 75,799 shares in the last quarter. Wescott Financial Advisory Group LLC acquired a new stake in AMETEK in the 4th quarter valued at approximately $1,122,000. Finally, Investment Management Corp VA ADV acquired a new stake in AMETEK in the 4th quarter valued at approximately $496,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AME has been the subject of a number of recent research reports. BNP Paribas Exane upped their price target on AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $275.00 price objective on shares of AMETEK in a report on Wednesday, August 5th. Truist Financial boosted their price objective on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley boosted their price objective on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Finally, Mizuho set a $270.00 target price on shares of AMETEK in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.80.
AMETEK Stock Performance
AME opened at $250.21 on Wednesday. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. The firm has a market capitalization of $57.35 billion, a PE ratio of 36.58, a PEG ratio of 3.26 and a beta of 0.98. 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 simple moving average is $239.95 and its 200 day simple moving average is $231.70.
AMETEK (NYSE:AME – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, sell-side analysts expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.
AMETEK Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio is presently 19.88%.
Insider Buying and Selling at AMETEK
In related news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
Further Reading
- Five stocks we like better than AMETEK
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME – Free Report).
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
