AMETEK, Inc. $AME Shares Sold by Convergence Financial LLC

Convergence Financial LLC decreased its position in shares of AMETEK, Inc. (NYSE:AME) by 51.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,959 shares of the technology company’s stock after selling 11,630 shares during the period. Convergence Financial LLC’s holdings in AMETEK were worth $2,715,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in AMETEK in the 2nd quarter worth approximately $4,725,928,000. Flossbach Von Storch SE purchased a new position in shares of AMETEK during the 2nd quarter worth $662,352,000. Bank of New York Mellon Corp purchased a new position in shares of AMETEK during the 2nd quarter worth $624,725,000. Bank of America Corp DE acquired a new stake in shares of AMETEK during the second quarter worth $391,801,000. Finally, Man Group plc acquired a new stake in shares of AMETEK during the second quarter worth $356,499,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AME shares. Seaport Research Partners lifted their price objective on AMETEK from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. KeyCorp increased their target price on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Truist Financial raised their price target on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird upped their price objective on shares of AMETEK from $275.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, October 5th. Finally, Rothschild & Co Redburn upped their price objective on shares of AMETEK from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $274.41.

AMETEK Trading Up 0.8%

AME stock opened at $248.15 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The company has a market cap of $56.87 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.27 and a beta of 0.96. The business has a fifty day simple moving average of $243.35 and a 200-day simple moving average of $233.69. AMETEK, Inc. has a 52 week low of $182.87 and a 52 week high of $261.16.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, equities research analysts expect that AMETEK, Inc. will post 8.41 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK’s payout ratio is presently 19.88%.

Insider Activity

In related news, insider David Hermance sold 6,608 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction 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. This represents a 13.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

AMETEK Profile

AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.

AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.

The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.