Fenimore Asset Management Inc Sells 3,699 Shares of AMETEK, Inc. $AME

Fenimore Asset Management Inc reduced its stake in AMETEK, Inc. (NYSE:AME) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 361,611 shares of the technology company’s stock after selling 3,699 shares during the period. AMETEK comprises about 1.9% of Fenimore Asset Management Inc’s holdings, making the stock its 21st biggest position. Fenimore Asset Management Inc’s holdings in AMETEK were worth $89,582,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC increased its stake in AMETEK by 18.3% during the 1st quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock valued at $69,000 after purchasing an additional 50 shares in the last quarter. Advocacy Wealth Management LLC raised its holdings in shares of AMETEK by 1.0% in the second quarter. Advocacy Wealth Management LLC now owns 5,422 shares of the technology company’s stock worth $1,312,000 after buying an additional 52 shares during the last quarter. Drucker Wealth 3.0 LLC lifted its stake in shares of AMETEK by 4.7% during the first quarter. Drucker Wealth 3.0 LLC now owns 1,187 shares of the technology company’s stock worth $255,000 after buying an additional 53 shares during the period. Earned Wealth Advisors LLC lifted its stake in shares of AMETEK by 5.9% during the first quarter. Earned Wealth Advisors LLC now owns 1,209 shares of the technology company’s stock worth $259,000 after buying an additional 67 shares during the period. Finally, Tobam grew its holdings in shares of AMETEK by 32.3% during the fourth quarter. Tobam now owns 303 shares of the technology company’s stock valued at $62,000 after buying an additional 74 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Price Performance

Shares of AME stock traded down $0.95 during mid-day trading on Thursday, hitting $247.67. 1,222,030 shares of the stock were exchanged, compared to its average volume of 1,308,451. The firm has a fifty day moving average of $244.55 and a 200 day moving average of $235.13. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. The company has a market cap of $56.77 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.40 and a beta of 0.96.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.AMETEK’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Research analysts anticipate that AMETEK, Inc. will post 8.42 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AME shares. Weiss Ratings raised AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Morgan Stanley boosted their price target on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Citigroup raised their price objective on AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Seaport Research Partners reiterated a “buy” rating and issued a $290.00 target price on shares of AMETEK in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane increased their price target on shares of AMETEK from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Insider Transactions at AMETEK

In related news, insider David Hermance sold 6,608 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the sale, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

About AMETEK

AMETEK, Inc (NYSE: AME) is a global manufacturer of industrial technology products. The company develops and produces electronic instruments and electromechanical devices used in process, industrial, aerospace, power, energy, and other specialized markets.

AMETEK’s Electronic Instruments segment supplies products such as process and analytical instruments, measurement and testing equipment, power-quality monitoring systems, automation and control solutions, and equipment for aerospace and defense applications.