Thrivent Financial for Lutherans Sells 35,335 Shares of AMETEK, Inc. $AME

Thrivent Financial for Lutherans trimmed its position in shares of AMETEK, Inc. (NYSE:AME) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 490,424 shares of the technology company’s stock after selling 35,335 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AMETEK were worth $100,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of AMETEK by 0.7% during the third quarter. Vanguard Group Inc. now owns 27,173,705 shares of the technology company’s stock valued at $5,108,657,000 after acquiring an additional 176,040 shares during the last quarter. State Street Corp raised its stake in shares of AMETEK by 1.3% during the third quarter. State Street Corp now owns 9,763,684 shares of the technology company’s stock valued at $1,835,573,000 after acquiring an additional 126,381 shares during the last quarter. Invesco Ltd. raised its stake in shares of AMETEK by 4.9% during the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after acquiring an additional 209,043 shares during the last quarter. Flossbach Von Storch SE raised its stake in shares of AMETEK by 1.0% during the fourth quarter. Flossbach Von Storch SE now owns 3,820,376 shares of the technology company’s stock valued at $784,361,000 after acquiring an additional 36,535 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of AMETEK by 35.7% during the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock valued at $497,444,000 after acquiring an additional 695,419 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. Truist Financial reaffirmed a “buy” rating and set a $275.00 price objective (up from $265.00) on shares of AMETEK in a research note on Monday, May 4th. Barclays upped their price objective on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Mizuho set a $270.00 price target on shares of AMETEK in a research report on Friday, May 1st. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 price target on shares of AMETEK in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.33.

Insiders Place Their Bets

In other AMETEK news, Director Thomas A. Amato sold 530 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total value of $114,893.40. Following the sale, the director owned 4,480 shares in the company, valued at approximately $971,174.40. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

AMETEK Price Performance

Shares of NYSE AME opened at $231.69 on Friday. 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 company’s 50-day moving average is $225.21 and its 200 day moving average is $215.86. The stock has a market capitalization of $53.10 billion, a P/E ratio of 35.00, a P/E/G ratio of 3.25 and a beta of 1.03.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. AMETEK’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. On average, sell-side analysts expect that AMETEK, Inc. will post 8.12 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 15th. AMETEK’s dividend payout ratio is 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.