AMETEK, Inc. $AME Shares Bought by Allstate Corp

Allstate Corp raised its stake in AMETEK, Inc. (NYSE:AME) by 119.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,092 shares of the technology company’s stock after purchasing an additional 8,762 shares during the quarter. Allstate Corp’s holdings in AMETEK were worth $3,304,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new stake in AMETEK during the second quarter worth about $295,000. Baird Financial Group Inc. increased its stake in AMETEK by 16.1% during the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 2,323 shares during the period. NewEdge Advisors LLC increased its stake in AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after purchasing an additional 1,555 shares during the period. Sei Investments Co. increased its stake in AMETEK by 38.2% during the second quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after purchasing an additional 61,672 shares during the period. Finally, Squarepoint Ops LLC increased its stake in AMETEK by 105.3% during the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after purchasing an additional 81,178 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In related news, Director Thomas A. Amato sold 530 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total transaction of $114,893.40. Following the completion of the sale, the director directly owned 4,480 shares of the company’s stock, valued at $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AME. Mizuho set a $270.00 price target on shares of AMETEK in a research note on Friday, May 1st. Truist Financial restated a “buy” rating and set a $275.00 target price (up from $265.00) on shares of AMETEK in a research note on Monday, May 4th. TD Cowen restated a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. DA Davidson restated a “buy” rating and set a $265.00 target price on shares of AMETEK in a research note on Monday, May 4th. Finally, BMO Capital Markets began coverage on shares of AMETEK in a research note on Friday, March 27th. They set an “outperform” rating and a $253.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

AMETEK Price Performance

AME stock opened at $226.38 on Thursday. The company has a market capitalization of $51.89 billion, a P/E ratio of 34.20, a PEG ratio of 3.22 and a beta of 1.03. AMETEK, Inc. has a twelve month low of $174.43 and a twelve month high of $243.18. The business has a 50 day simple moving average of $225.70 and a 200-day simple moving average of $217.83. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. As a group, equities analysts anticipate that AMETEK, Inc. will post 8.13 EPS for the current year.

AMETEK Dividend Announcement

The business also recently declared 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 dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.

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.