AMETEK, Inc. $AME Stock: State of Alaska Department of Revenue Grows Position

State of Alaska Department of Revenue increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 147.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,917 shares of the technology company’s stock after purchasing an additional 44,076 shares during the period. State of Alaska Department of Revenue’s holdings in AMETEK were worth $18,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AME. BlackRock Inc. acquired a new stake in shares of AMETEK in the 2nd quarter worth $4,725,928,000. Wellington Management Group LLP grew its holdings in AMETEK by 7.0% during the second quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company’s stock worth $724,387,000 after acquiring an additional 196,986 shares during the period. Flossbach Von Storch SE purchased a new position in AMETEK in the second quarter worth $662,352,000. Bank of New York Mellon Corp purchased a new position in AMETEK in the second quarter worth $624,725,000. Finally, Dimensional Fund Advisors LP lifted its holdings in AMETEK by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company’s stock valued at $444,788,000 after acquiring an additional 29,001 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AMETEK news, insider David Hermance sold 6,608 shares of the stock in a transaction on Friday, August 7th. The shares were 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 approximately $10,797,286. This represents 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 the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AME. Morgan Stanley set a $275.00 target price on shares of AMETEK in a report on Friday, October 9th. Citigroup lifted their price objective on AMETEK from $261.00 to $263.00 and gave the stock a “neutral” rating in a report on Monday. 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. Mizuho increased their target price on AMETEK from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, BNP Paribas Exane raised their target price on shares of AMETEK from $280.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.41.

AMETEK Stock Down 0.4%

Shares of AMETEK stock traded down $1.04 during trading hours on Thursday, hitting $245.79. 843,186 shares of the company’s stock traded hands, compared to its average volume of 1,298,603. The stock has a 50 day simple moving average of $244.72 and a 200-day simple moving average of $236.38. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The company has a market cap of $56.34 billion, a PE ratio of 35.91, a PEG ratio of 2.37 and a beta of 0.96. AMETEK, Inc. has a twelve month low of $182.87 and a twelve month high of $261.16.

AMETEK (NYSE:AME) last issued its quarterly earnings data 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. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned $1.78 EPS. AMETEK’s quarterly revenue was up 15.0% on a year-over-year basis. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Equities research analysts anticipate that AMETEK, Inc. will post 8.41 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

About AMETEK

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.