Oak Thistle LLC purchased a new stake in AMETEK, Inc. (NYSE:AME – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,857 shares of the technology company’s stock, valued at approximately $2,229,000.
A number of other hedge funds have also made changes to their positions in the company. Seascape Capital Management increased its position in shares of AMETEK by 2.0% in the fourth quarter. Seascape Capital Management now owns 17,862 shares of the technology company’s stock valued at $3,667,000 after buying an additional 350 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of AMETEK in the fourth quarter valued at $283,000. Flagship Harbor Advisors LLC purchased a new position in shares of AMETEK in the fourth quarter valued at $32,000. Y.D. More Investments Ltd acquired a new stake in shares of AMETEK during the fourth quarter valued at $1,653,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of AMETEK during the fourth quarter valued at $1,995,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on AME. 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. KeyCorp increased their price objective on AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Mizuho set a $235.00 price objective on AMETEK in a research note on Wednesday, February 4th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Finally, Morgan Stanley increased their price objective on AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.67.
AMETEK Stock Down 0.4%
Shares of NYSE:AME opened at $217.64 on Wednesday. The stock’s 50-day moving average price is $224.56 and its two-hundred day moving average price is $207.46. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 12-month low of $148.30 and a 12-month high of $242.05. The firm has a market cap of $49.85 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 3.14 and a beta of 1.04.
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.
AMETEK Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is an increase from AMETEK’s previous quarterly dividend of $0.31. AMETEK’s dividend payout ratio is presently 21.25%.
Insider Activity at AMETEK
In related news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director directly owned 4,480 shares in the company, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.
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.
See Also
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