Andra AP fonden Grows Stock Holdings in AMETEK, Inc. $AME

Andra AP fonden raised its stake in shares of AMETEK, Inc. (NYSE:AME) by 65.1% in the 3rd quarter, Holdings Channel reports. The fund owned 70,000 shares of the technology company’s stock after acquiring an additional 27,600 shares during the quarter. Andra AP fonden’s holdings in AMETEK were worth $13,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of AMETEK during the second quarter worth approximately $650,613,000. Amundi grew its position in AMETEK by 266.1% in the 2nd quarter. Amundi now owns 1,512,966 shares of the technology company’s stock valued at $275,345,000 after buying an additional 1,099,748 shares during the last quarter. Invesco Ltd. increased its stake in AMETEK by 22.3% in the 2nd quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock valued at $769,890,000 after buying an additional 775,078 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of AMETEK in the 3rd quarter worth $118,311,000. Finally, EdgePoint Investment Group Inc. lifted its stake in shares of AMETEK by 24.4% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company’s stock worth $529,585,000 after acquiring an additional 573,191 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO David A. Zapico sold 28,390 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.76, for a total transaction of $5,727,966.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas M. Montgomery sold 6,388 shares of AMETEK stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the completion of the sale, the vice president directly owned 22,116 shares of the company’s stock, valued at approximately $4,534,885.80. This represents a 22.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,088 shares of company stock valued at $9,930,020 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Oppenheimer cut shares of AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $257.00 target price on shares of AMETEK in a research note on Wednesday, February 4th. Mizuho set a $235.00 price target on AMETEK in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on AMETEK in a research report on Wednesday, January 21st. They issued a “buy” rating and a $271.00 price objective for the company. Finally, TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

AMETEK Stock Up 0.7%

AME opened at $238.73 on Friday. The firm has a market cap of $54.66 billion, a P/E ratio of 37.30, a PEG ratio of 3.39 and a beta of 1.03. The business’s fifty day simple moving average is $220.97 and its 200 day simple moving average is $201.07. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $239.94. The company has a quick ratio of 0.67, a current ratio of 1.06 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.07. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. As a group, equities research analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.34 dividend. This is a boost from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, March 16th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is presently 19.38%.

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.