Bank of New York Mellon Corp Purchases 120,134 Shares of AMETEK, Inc. $AME

Bank of New York Mellon Corp increased its position in shares of AMETEK, Inc. (NYSE:AME) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,504,770 shares of the technology company’s stock after acquiring an additional 120,134 shares during the period. Bank of New York Mellon Corp’s holdings in AMETEK were worth $536,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its stake in AMETEK by 2.0% during the fourth quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock worth $2,044,140,000 after purchasing an additional 192,677 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AMETEK by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock valued at $1,204,722,000 after purchasing an additional 37,651 shares during the last quarter. Invesco Ltd. raised its holdings in shares of AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock worth $839,141,000 after buying an additional 209,043 shares in the last quarter. Norges Bank acquired a new position in shares of AMETEK during the 4th quarter worth $831,372,000. Finally, Morgan Stanley lifted its position in shares of AMETEK by 2.9% during the 4th quarter. Morgan Stanley now owns 3,963,062 shares of the technology company’s stock worth $813,657,000 after buying an additional 110,037 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AME has been the topic of several research analyst reports. Mizuho set a $270.00 price objective on AMETEK in a research note on Friday, May 1st. Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. Truist Financial lifted their price target on shares of AMETEK from $275.00 to $303.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Morgan Stanley upped their price objective on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.29.

AMETEK Price Performance

Shares of AME opened at $237.00 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The stock has a market cap of $54.32 billion, a PE ratio of 35.80, a PEG ratio of 3.27 and a beta of 0.99. AMETEK, Inc. has a 12-month low of $175.61 and a 12-month high of $244.71. The business has a 50-day simple moving average of $231.02 and a two-hundred day simple moving average of $226.33.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The business’s quarterly 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. Analysts anticipate that AMETEK, Inc. will post 8.14 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. AMETEK’s payout ratio is presently 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.