Natixis Advisors LLC grew its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 34.2% during the third quarter, Holdings Channel.com reports. The firm owned 582,438 shares of the technology company’s stock after acquiring an additional 148,459 shares during the period. Natixis Advisors LLC’s holdings in AMETEK were worth $109,498,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK in the second quarter valued at $25,000. TruNorth Capital Management LLC acquired a new position in AMETEK during the 3rd quarter worth about $31,000. SouthState Corp grew its holdings in AMETEK by 47.4% during the 2nd quarter. SouthState Corp now owns 202 shares of the technology company’s stock worth $37,000 after acquiring an additional 65 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in AMETEK in the 3rd quarter valued at about $39,000. Finally, Sound Income Strategies LLC increased its position in AMETEK by 4,420.0% in the 3rd quarter. Sound Income Strategies LLC now owns 226 shares of the technology company’s stock valued at $41,000 after acquiring an additional 221 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.
Insider Buying and Selling at AMETEK
In related news, VP Thomas M. Montgomery sold 6,388 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David A. Zapico sold 28,390 shares of AMETEK stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.76, for a total value of $5,727,966.40. The SEC filing for this sale provides additional information. Insiders have sold 49,088 shares of company stock valued at $9,930,020 in the last 90 days. 0.57% of the stock is currently owned by company insiders.
AMETEK Stock Performance
AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. On average, analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.
AMETEK Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is a positive change from AMETEK’s previous quarterly dividend of $0.31. AMETEK’s dividend payout ratio (DPR) is 19.38%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AME. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. KeyCorp raised their price target on shares of AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Mizuho set a $235.00 price objective on AMETEK in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on AMETEK in a research note on Wednesday, January 21st. They issued a “buy” rating and a $271.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.
Get Our Latest Stock 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.
See Also
- Five stocks we like better than AMETEK
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME – Free Report).
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
