Gamco Investors INC. ET AL Trims Stock Holdings in AMETEK, Inc. $AME

Gamco Investors INC. ET AL lessened its position in AMETEK, Inc. (NYSE:AMEFree Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 548,597 shares of the technology company’s stock after selling 58,262 shares during the period. AMETEK accounts for about 1.2% of Gamco Investors INC. ET AL’s portfolio, making the stock its 9th biggest holding. Gamco Investors INC. ET AL’s holdings in AMETEK were worth $117,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Florida Financial Advisors LLC grew its holdings in shares of AMETEK by 2.2% during the fourth quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock worth $406,000 after purchasing an additional 43 shares during the last quarter. Plato Investment Management Ltd boosted its position in AMETEK by 0.4% during the 4th quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock worth $2,218,000 after buying an additional 47 shares during the period. Allegiance Financial Group Advisory Services LLC increased its position in AMETEK by 4.0% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock valued at $257,000 after acquiring an additional 48 shares during the period. Washington Trust Advisors Inc. raised its stake in shares of AMETEK by 6.2% during the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock valued at $175,000 after acquiring an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of AMETEK by 18.3% during the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock valued at $69,000 after acquiring an additional 50 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Trading Up 0.4%

NYSE:AME opened at $242.10 on Friday. AMETEK, Inc. has a 52 week low of $175.61 and a 52 week high of $244.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. The firm’s fifty day moving average is $231.91 and its 200-day moving average is $227.51. The firm has a market cap of $55.49 billion, a P/E ratio of 36.57, a P/E/G ratio of 3.38 and a beta of 0.99.

AMETEK (NYSE:AMEGet Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate 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 last year, the firm 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. Equities analysts expect that AMETEK, Inc. will post 8.14 earnings per share for the current year.

AMETEK Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AME. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Morgan Stanley raised their target price on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Royal Bank Of Canada lifted their target price on AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Mizuho set a $270.00 price target on AMETEK in a research report on Friday, May 1st. Finally, Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus price target of $256.29.

View Our Latest Stock Report on AME

About AMETEK

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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