PNC Financial Services Group Inc. Sells 3,099 Shares of AMETEK, Inc. $AME

PNC Financial Services Group Inc. lessened its stake in AMETEK, Inc. (NYSE:AME) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,283 shares of the technology company’s stock after selling 3,099 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.09% of AMETEK worth $35,881,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bares Capital Management Inc. purchased a new stake in AMETEK in the first quarter worth $26,000. ST Germain D J Co. Inc. grew its stake in shares of AMETEK by 628.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock worth $28,000 after acquiring an additional 132 shares during the period. NewSquare Capital LLC grew its stake in shares of AMETEK by 129.7% during the 2nd quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock worth $31,000 after acquiring an additional 96 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, SouthState Corp lifted 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 valued at $37,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

AME stock opened at $194.11 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The firm has a market cap of $44.68 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.64 and a beta of 1.12. The firm’s fifty day moving average is $188.80 and its 200 day moving average is $182.88. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $204.15.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. The company’s quarterly revenue 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. Research analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.31 per share. 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 is presently 19.56%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AME shares. Wall Street Zen upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. DA Davidson boosted their target price on AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Mizuho upped their price objective on shares of AMETEK from $212.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their target price on shares of AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Barclays boosted their price target on shares of AMETEK from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Eight research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $211.00.

Insider Transactions at AMETEK

In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of the business’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 transaction, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by company insiders.

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.