Pinebridge Investments LLC purchased a new stake in AMETEK, Inc. (NYSE:AME – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 29,030 shares of the technology company’s stock, valued at approximately $5,960,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. Norges Bank bought a new position in AMETEK during the fourth quarter worth $831,372,000. Nordea Investment Management AB boosted its position in AMETEK by 825.0% during the fourth quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after purchasing an additional 760,410 shares during the period. Lazard Asset Management LLC boosted its position in AMETEK by 35.7% during the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after purchasing an additional 695,419 shares during the period. Man Group plc raised its holdings in AMETEK by 411.8% in the 3rd quarter. Man Group plc now owns 785,020 shares of the technology company’s stock valued at $147,584,000 after acquiring an additional 631,649 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new position in AMETEK in the 3rd quarter valued at about $118,311,000. 87.43% of the stock is owned by institutional investors.
Insider Activity at AMETEK
In other news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the transaction, the director directly owned 4,480 shares of the company’s stock, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on AME
AMETEK Stock Up 0.2%
Shares of AME opened at $227.01 on Monday. AMETEK, Inc. has a 12 month low of $174.43 and a 12 month high of $243.18. The firm’s 50 day moving average is $227.54 and its 200-day moving average is $219.37. The stock has a market capitalization of $52.03 billion, a PE ratio of 34.29, a P/E/G ratio of 3.18 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.
AMETEK (NYSE:AME – Get Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm earned $1.75 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Equities research analysts forecast that AMETEK, Inc. will post 8.13 EPS for the current year.
AMETEK Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.
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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