Hanson & Doremus Investment Management Purchases New Shares in AMETEK, Inc. $AME

Hanson & Doremus Investment Management bought a new stake in shares of AMETEK, Inc. (NYSE:AME) during the third quarter, Holdings Channel reports. The institutional investor bought 4,357 shares of the technology company’s stock, valued at approximately $1,079,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AME. Aspiriant LLC purchased a new position in shares of AMETEK during the third quarter valued at approximately $447,000. Howard Capital Management LLC raised its stake in shares of AMETEK by 101.3% in the third quarter. Howard Capital Management LLC now owns 2,752 shares of the technology company’s stock valued at $682,000 after buying an additional 1,385 shares during the period. Annex Advisory Services LLC increased its stake in shares of AMETEK by 377.7% in the third quarter. Annex Advisory Services LLC now owns 18,985 shares of the technology company’s stock worth $4,703,000 after purchasing an additional 15,011 shares in the last quarter. NFSG Corp purchased a new stake in shares of AMETEK during the third quarter worth $48,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of AMETEK by 47.3% in the third quarter. Assenagon Asset Management S.A. now owns 233,610 shares of the technology company’s stock worth $57,872,000 after buying an additional 74,989 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In other news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the transaction, the insider owned 42,509 shares in the company, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AME shares. BNP Paribas Exane lifted their price objective on AMETEK from $280.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, September 11th. Rothschild & Co Redburn upped their target price on AMETEK from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on AMETEK from $288.00 to $318.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. BMO Capital Markets upped their price target on AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. Finally, Seaport Research Partners upped 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.41.

AMETEK Trading Down 0.2%

Shares of AMETEK stock opened at $247.91 on Friday. The business has a 50-day moving average price of $244.55 and a 200-day moving average price of $236.74. AMETEK, Inc. has a twelve month low of $182.87 and a twelve month high of $261.16. 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 firm has a market cap of $56.82 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.35 and a beta of 0.96.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $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. Equities research analysts anticipate that AMETEK, Inc. will post 8.41 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s payout ratio is 19.88%.

AMETEK Profile

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.