3,595,341 Shares in AMETEK, Inc. $AME Purchased by Norges Bank

Norges Bank bought a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,595,341 shares of the technology company’s stock, valued at approximately $650,613,000. Norges Bank owned approximately 1.56% of AMETEK at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SouthState Corp increased its stake in shares of AMETEK by 47.4% during the 2nd quarter. SouthState Corp now owns 202 shares of the technology company’s stock worth $37,000 after purchasing an additional 65 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in AMETEK by 3.9% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,784 shares of the technology company’s stock valued at $307,000 after buying an additional 67 shares during the last quarter. First Horizon Advisors Inc. increased its position in AMETEK by 3.0% during the second quarter. First Horizon Advisors Inc. now owns 2,335 shares of the technology company’s stock worth $423,000 after buying an additional 69 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of AMETEK by 57.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock worth $33,000 after acquiring an additional 71 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of AMETEK by 8.3% in the first quarter. Federated Hermes Inc. now owns 1,017 shares of the technology company’s stock valued at $175,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research note on Wednesday, October 8th. TD Cowen upgraded shares of AMETEK from a “sell” rating to a “hold” rating and lifted their price target for the stock from $158.00 to $180.00 in a report on Tuesday, September 2nd. KeyCorp boosted their price objective on shares of AMETEK from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Truist Financial boosted their price target on AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $211.00.

AMETEK Trading Up 0.8%

NYSE AME opened at $197.89 on Friday. The firm has a market capitalization of $45.56 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. AMETEK, Inc. has a one year low of $145.02 and a one year high of $204.15. The company’s 50 day moving average price is $190.02 and its 200 day moving average price is $184.73.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. AMETEK’s revenue for the quarter was up 10.8% on a year-over-year basis. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. On average, sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.24 annualized dividend and a yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is 19.56%.

Insider Transactions at AMETEK

In other news, CEO David A. Zapico sold 88,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $196.39, for a total value of $17,282,320.00. Following the completion of the sale, the chief executive officer owned 348,955 shares of the company’s stock, valued at $68,531,272.45. This represents a 20.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ronald J. Oscher sold 26,290 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $200.05, for a total value of $5,259,314.50. Following the sale, the insider owned 40,226 shares in the company, valued at approximately $8,047,211.30. The trade was a 39.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.