MAI Capital Management lifted its position in AMETEK, Inc. (NYSE:AME – Free Report) by 33.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,403 shares of the technology company’s stock after buying an additional 4,648 shares during the quarter. MAI Capital Management’s holdings in AMETEK were worth $3,460,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. KBC Group NV boosted its position in shares of AMETEK by 3.2% in the 2nd quarter. KBC Group NV now owns 289,634 shares of the technology company’s stock worth $52,412,000 after purchasing an additional 9,063 shares during the last quarter. Principal Financial Group Inc. increased its holdings in AMETEK by 4.9% in the third quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company’s stock valued at $384,096,000 after purchasing an additional 94,645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in AMETEK by 22.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company’s stock valued at $7,116,000 after buying an additional 6,911 shares during the period. Nordea Investment Management AB lifted its stake in AMETEK by 246.0% in the third quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock valued at $17,344,000 after buying an additional 65,537 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new position in AMETEK during the third quarter worth about $118,311,000. Institutional investors own 87.43% of the company’s stock.
Insiders Place Their Bets
In other news, insider Thomas C. Marecic sold 14,310 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $202.11, for a total value of $2,892,194.10. Following the sale, the insider owned 42,589 shares of the company’s stock, valued at $8,607,662.79. The trade was a 25.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David A. Zapico sold 28,390 shares of the stock in a transaction on Friday, December 12th. The stock was 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. Insiders sold a total of 49,088 shares of company stock valued at $9,930,020 in the last quarter. 0.57% of the stock is currently owned by insiders.
AMETEK Price Performance
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.07. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Research analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.
AMETEK Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, March 16th. This is a positive change from AMETEK’s previous quarterly dividend of $0.31. AMETEK’s dividend payout ratio (DPR) is presently 19.38%.
Analysts Set New Price Targets
AME has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of AMETEK from $198.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Melius Research set a $235.00 price objective on shares of AMETEK in a research report on Monday, January 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $257.00 price objective on shares of AMETEK in a research note on Wednesday, February 4th. Finally, Mizuho set a $235.00 target price on AMETEK in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus price target of $243.00.
Check Out Our Latest Report on AMETEK
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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