Meiji Yasuda Asset Management Co Ltd. lessened its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 10.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,386 shares of the technology company’s stock after selling 3,558 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in AMETEK were worth $6,444,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AME. Sivia Capital Partners LLC acquired a new stake in shares of AMETEK in the second quarter valued at approximately $295,000. Baird Financial Group Inc. increased its stake in AMETEK by 16.1% during the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after acquiring an additional 2,323 shares during the last quarter. NewEdge Advisors LLC increased its stake 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 acquiring an additional 1,555 shares during the last quarter. Sei Investments Co. increased its stake 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 acquiring an additional 61,672 shares during the last quarter. Finally, Squarepoint Ops LLC increased 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 acquiring an additional 81,178 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
Analyst Upgrades and Downgrades
AME has been the subject of several recent analyst reports. KeyCorp raised their target price on AMETEK from $235.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of AMETEK in a research note on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research note on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Finally, Morgan Stanley lifted their price objective on AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.33.
Insider Transactions at AMETEK
In related news, Director Thomas A. Amato sold 530 shares of AMETEK stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the completion of the transaction, the director directly owned 4,480 shares in the company, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.
AMETEK Trading Down 0.7%
Shares of NYSE AME opened at $223.11 on Friday. AMETEK, Inc. has a twelve month low of $174.43 and a twelve month high of $243.18. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $224.96 and a 200-day simple moving average of $217.03. The stock has a market capitalization of $51.14 billion, a PE ratio of 33.70, a PEG ratio of 3.15 and a beta of 1.03.
AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. 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, equities analysts forecast that AMETEK, Inc. will post 8.13 earnings per share for the current year.
AMETEK Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is 20.54%.
About AMETEK
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.
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