AMETEK, Inc. $AME Stock Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lowered its position in AMETEK, Inc. (NYSE:AME) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,611 shares of the technology company’s stock after selling 3,699 shares during the quarter. AMETEK makes up about 1.9% of Fenimore Asset Management Inc’s portfolio, making the stock its 21st biggest position. Fenimore Asset Management Inc owned approximately 0.16% of AMETEK worth $89,582,000 at the end of the most recent reporting period.

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

AMETEK Stock Down 0.4%

Shares of NYSE:AME traded down $0.95 during trading on Thursday, reaching $247.67. The stock had a trading volume of 1,222,030 shares, compared to its average volume of 1,308,451. The firm’s 50-day simple moving average is $244.55 and its 200 day simple moving average is $235.13. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The company has a market capitalization of $56.77 billion, a P/E ratio of 36.21, a PEG ratio of 2.40 and a beta of 0.96.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business posted $1.78 EPS. AMETEK’s 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. As a group, research analysts expect that AMETEK, Inc. will post 8.42 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 15th. AMETEK’s dividend payout ratio is currently 19.88%.

Insider Activity at AMETEK

In other news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the sale, the insider owned 42,509 shares of the company’s stock, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

AME has been the topic of several recent research reports. Zacks Research upgraded shares of AMETEK from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Citigroup upped their price target on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Vertical Research started coverage on shares of AMETEK in a research note on Tuesday, September 8th. They set a “buy” rating and a $255.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.00.

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.