First Growth Capital LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,635 shares of the technology company’s stock, valued at approximately $541,000.
Several other hedge funds have also made changes to their positions in the stock. CoreCap Advisors LLC lifted its stake in AMETEK by 84.3% in the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of AMETEK during the second quarter worth about $25,000. BOKF NA increased its holdings in shares of AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after acquiring an additional 84 shares during the period. Transamerica Financial Advisors LLC lifted its position in AMETEK by 73.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 153 shares of the technology company’s stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in AMETEK in the 4th quarter valued at about $32,000. Institutional investors own 87.43% of the company’s stock.
Insider Buying and Selling
In other AMETEK news, Director Thomas A. Amato sold 530 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the completion of the sale, the director directly owned 4,480 shares in the company, valued at $971,174.40. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.
AMETEK Stock Performance
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. AMETEK’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, sell-side analysts anticipate that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.
AMETEK Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 0.6%. AMETEK’s payout ratio is presently 20.54%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of AMETEK in a research report on Monday, May 4th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a report on Thursday. Mizuho set a $270.00 price objective on AMETEK in a research report on Friday, May 1st. BMO Capital Markets started coverage on AMETEK in a report on Friday, March 27th. They issued an “outperform” rating and a $253.00 price objective for the company. Finally, Morgan Stanley raised their target price on AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.57.
Check Out Our Latest Report on AMETEK
About AMETEK
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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