ARK Investment Management LLC raised its position in AMETEK, Inc. (NYSE:AME – Free Report) by 240.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,963 shares of the technology company’s stock after purchasing an additional 16,220 shares during the quarter. ARK Investment Management LLC’s holdings in AMETEK were worth $4,317,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank bought a new stake in AMETEK during the 2nd quarter valued at $650,613,000. Amundi increased its holdings in shares of AMETEK by 266.1% during the second quarter. Amundi now owns 1,512,966 shares of the technology company’s stock valued at $275,345,000 after purchasing an additional 1,099,748 shares during the period. Invesco Ltd. raised its stake in shares of AMETEK by 22.3% during the second quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock valued at $769,890,000 after purchasing an additional 775,078 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in AMETEK in the 3rd quarter valued at about $118,311,000. Finally, EdgePoint Investment Group Inc. increased its stake in AMETEK by 24.4% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company’s stock valued at $529,585,000 after buying an additional 573,191 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Robert W. Baird set a $245.00 price target on shares of AMETEK in a research note on Thursday, February 5th. Oppenheimer lowered AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of AMETEK in a research report on Wednesday, January 21st. They set a “buy” rating and a $271.00 price objective for the company. TD Cowen reissued a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Finally, Morgan Stanley raised their target price on shares of AMETEK from $198.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.
Insider Activity at AMETEK
In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the transaction, the vice president owned 22,116 shares in the company, valued at approximately $4,534,885.80. This represents a 22.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David A. Zapico sold 28,390 shares of AMETEK stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.76, for a total transaction of $5,727,966.40. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 49,088 shares of company stock valued at $9,930,020. Corporate insiders own 0.57% of the company’s stock.
AMETEK Price Performance
AME opened at $226.16 on Friday. The firm has a market capitalization of $51.79 billion, a P/E ratio of 35.34, a PEG ratio of 3.35 and a beta of 1.02. The stock has a fifty day moving average of $223.10 and a 200-day moving average of $202.46. The company has a quick ratio of 0.67, a current ratio of 1.06 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $242.05.
AMETEK (NYSE:AME – Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.07. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $1.87 earnings per share. AMETEK’s quarterly revenue was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Equities analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.
AMETEK Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.34 per share. This is an increase from AMETEK’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, March 16th. AMETEK’s dividend payout ratio is 19.38%.
AMETEK 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.
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