Ferguson Wellman Capital Management Inc. increased its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 139.8% during the third quarter, HoldingsChannel reports. The fund owned 29,934 shares of the technology company’s stock after buying an additional 17,452 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in AMETEK were worth $7,416,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new position in AMETEK during the 2nd quarter worth about $25,000. Fiduciary Financial Advisors acquired a new stake in shares of AMETEK in the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC lifted its holdings in shares of AMETEK by 239.5% in the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of AMETEK during the fourth quarter worth about $28,000. Finally, Brown Lisle Cummings Inc. boosted its position in shares of AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after buying an additional 123 shares during the period. 87.43% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AME has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Citigroup upped their price objective on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Robert W. Baird lifted their target price on AMETEK from $275.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday. DA Davidson increased their price target on shares of AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $267.00.
AMETEK Stock Up 0.7%
NYSE:AME traded up $1.79 during trading hours on Monday, hitting $253.72. 256,027 shares of the company traded hands, compared to its average volume of 1,306,466. The company has a market cap of $58.15 billion, a PE ratio of 37.09, a PEG ratio of 2.38 and a beta of 0.96. 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 firm’s 50-day simple moving average is $243.86 and its 200-day simple moving average is $234.32. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16.
AMETEK (NYSE:AME – Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $1.78 earnings per share. The business’s revenue for the quarter 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 analysts predict that AMETEK, Inc. will post 8.42 earnings per share for the current year.
AMETEK Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s dividend payout ratio is presently 19.88%.
Insider Transactions at AMETEK
In other AMETEK news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred 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 completion of the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
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.
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