AMETEK, Inc. $AME Shares Sold by Drake & Associates LLC

Drake & Associates LLC cut its holdings in shares of AMETEK, Inc. (NYSE:AME) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,564 shares of the technology company’s stock after selling 4,729 shares during the quarter. Drake & Associates LLC’s holdings in AMETEK were worth $1,964,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new position in shares of AMETEK during the 2nd quarter worth approximately $295,000. Baird Financial Group Inc. increased its holdings in shares of AMETEK by 16.1% in the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock valued at $3,037,000 after purchasing an additional 2,323 shares during the last quarter. NewEdge Advisors LLC lifted its position in AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after buying an additional 1,555 shares in the last quarter. Sei Investments Co. lifted its position in AMETEK by 38.2% during the second quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after buying an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in AMETEK by 105.3% during the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after buying an additional 81,178 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings cut AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Mizuho set a $270.00 price target on shares of AMETEK in a research report on Friday, May 1st. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a report on Thursday. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research report on Friday, May 1st. Finally, Morgan Stanley lifted their target price on shares of AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.57.

Insider Activity at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 530 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total value of $114,893.40. Following the completion of the transaction, the director owned 4,480 shares in the company, valued at $971,174.40. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

AMETEK Stock Up 2.6%

Shares of NYSE:AME opened at $237.27 on Friday. The firm has a market capitalization of $54.38 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 3.24 and a beta of 1.00. AMETEK, Inc. has a 1 year low of $174.43 and a 1 year high of $243.18. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. The firm’s 50-day moving average is $230.10 and its two-hundred day moving average is $221.57.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 earnings per share. 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 predict that AMETEK, Inc. will post 8.13 EPS for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.

AMETEK Profile

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.