Dudley & Shanley Inc. Lowers Stake in AMETEK, Inc. $AME

Dudley & Shanley Inc. trimmed its position in AMETEK, Inc. (NYSE:AME – Free Report) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,243 shares of the technology company’s stock after selling 12,488 shares during the period. AMETEK comprises 5.0% of Dudley & Shanley Inc.’s portfolio, making the stock its 4th biggest holding. Dudley & Shanley Inc.’s holdings in AMETEK were worth $31,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Frazier Financial Advisors LLC purchased a new position in shares of AMETEK in the second quarter worth approximately $25,000. Fiduciary Financial Advisors purchased a new stake in AMETEK during the second quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new position in shares of AMETEK during the 4th quarter worth $28,000. Brown Lisle Cummings Inc. boosted its stake in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of AMETEK by 393.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In related news, insider David Hermance sold 6,608 shares of the company’s stock in a transaction 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 transaction, the insider owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

AME has been the topic of a number of recent research reports. KeyCorp raised their target price on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. DA Davidson lifted their price objective on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Truist Financial boosted their price objective on AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Vertical Research initiated coverage on shares of AMETEK in a report on Tuesday, September 8th. They issued a “buy” rating and a $255.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

Check Out Our Latest Analysis on AME

AMETEK Price Performance

Shares of AMETEK stock traded up $2.77 during trading hours on Tuesday, hitting $254.69. The company’s stock had a trading volume of 222,781 shares, compared to its average volume of 1,305,754. The company has a market cap of $58.38 billion, a PE ratio of 37.21, a PEG ratio of 2.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The business has a 50 day moving average price of $244.05 and a two-hundred day moving average price of $234.58. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month 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 the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Analysts expect that AMETEK, Inc. will post 8.42 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s payout ratio is 19.88%.

AMETEK Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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