Allstate Corp Acquires New Position in AMETEK, Inc. $AME

Allstate Corp bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,330 shares of the technology company’s stock, valued at approximately $1,378,000.

Several other hedge funds have also made changes to their positions in AME. KBC Group NV lifted its position in shares of AMETEK by 3.2% during the second quarter. KBC Group NV now owns 289,634 shares of the technology company’s stock worth $52,412,000 after purchasing an additional 9,063 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in AMETEK during the 3rd quarter worth approximately $2,061,000. Assenagon Asset Management S.A. lifted its holdings in AMETEK by 3.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 213,676 shares of the technology company’s stock worth $40,171,000 after buying an additional 6,363 shares in the last quarter. Nordea Investment Management AB boosted its position in AMETEK by 246.0% in the 3rd quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock valued at $17,344,000 after buying an additional 65,537 shares during the period. Finally, L. Roy Papp & Associates LLP boosted its position in AMETEK by 17.7% in the 3rd quarter. L. Roy Papp & Associates LLP now owns 43,688 shares of the technology company’s stock valued at $8,213,000 after buying an additional 6,582 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Down 1.1%

Shares of NYSE:AME opened at $213.20 on Wednesday. The firm has a 50 day simple moving average of $203.03 and a 200-day simple moving average of $191.76. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $215.85. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $49.08 billion, a PE ratio of 33.63, a P/E/G ratio of 2.82 and a beta of 1.04.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. AMETEK had a net margin of 20.50% and a return on equity of 16.66%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.66 EPS. The company’s revenue was up 10.8% on a year-over-year basis. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, equities analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, December 5th. AMETEK’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AME shares. Barclays upped their price objective on AMETEK from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Melius Research set a $235.00 target price on AMETEK in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Melius upgraded AMETEK from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a research note on Monday, January 5th. Finally, Cowen upgraded shares of AMETEK from a “sell” rating to a “buy” rating in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $226.55.

Insider Transactions at AMETEK

In other news, VP Thomas M. Montgomery sold 6,388 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the transaction, the vice president directly owned 22,116 shares in the company, valued at approximately $4,534,885.80. This trade represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David A. Zapico sold 88,000 shares of AMETEK stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $196.39, for a total transaction of $17,282,320.00. Following the completion of the transaction, the chief executive officer directly owned 348,955 shares in the company, valued at $68,531,272.45. The trade was a 20.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 163,378 shares of company stock worth $32,471,654. 0.57% of the stock is currently owned by corporate insiders.

AMETEK Company 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.