Allstate Corp Takes Position in AMETEK, Inc. $AME

Allstate Corp purchased a new stake in AMETEK, Inc. (NYSE:AME) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,330 shares of the technology company’s stock, valued at approximately $1,378,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in shares of AMETEK in the 2nd quarter valued at about $25,000. ST Germain D J Co. Inc. raised its position in AMETEK by 628.6% during the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock valued at $28,000 after acquiring an additional 132 shares in the last quarter. NewSquare Capital LLC lifted its holdings in AMETEK by 129.7% in the second quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock valued at $31,000 after acquiring an additional 96 shares during the period. TruNorth Capital Management LLC acquired a new position in AMETEK in the third quarter valued at approximately $31,000. Finally, SouthState Corp boosted its position in AMETEK by 47.4% in the 2nd quarter. SouthState Corp now owns 202 shares of the technology company’s stock worth $37,000 after purchasing an additional 65 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of the firm’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 directly owned 22,116 shares of the company’s stock, valued at $4,534,885.80. This trade represents a 22.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ronald J. Oscher sold 26,290 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $200.05, for a total value of $5,259,314.50. Following the transaction, the insider owned 40,226 shares in the company, valued at approximately $8,047,211.30. This represents a 39.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,378 shares of company stock worth $32,471,654 over the last three months. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AME has been the subject of several recent research reports. Truist Financial lifted their target price on shares of AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Mizuho raised their price target on shares of AMETEK from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Melius Research set a $235.00 target price on AMETEK in a research report on Monday, January 5th. Finally, Cowen upgraded AMETEK from a “sell” rating to a “buy” rating in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $226.55.

AMETEK Trading Down 1.1%

AME stock opened at $213.20 on Wednesday. The business’s 50-day moving average is $203.03 and its 200 day moving average is $191.76. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $215.85. The stock has a market cap of $49.08 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.82 and a beta of 1.04. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. AMETEK had a return on equity of 16.66% and a net margin of 20.50%.The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, December 5th. AMETEK’s payout ratio is 19.56%.

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.