Hikari Power Ltd cut its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 77.9% during the first quarter, Holdings Channel reports. The firm owned 3,940 shares of the technology company’s stock after selling 13,880 shares during the quarter. Hikari Power Ltd’s holdings in AMETEK were worth $845,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in AMETEK during the 4th quarter valued at $831,372,000. Wellington Management Group LLP boosted its position in shares of AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after buying an additional 2,110,818 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of AMETEK by 539.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock valued at $219,796,000 after buying an additional 903,061 shares in the last quarter. Nordea Investment Management AB lifted its stake in AMETEK by 825.0% in the 4th quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after acquiring an additional 760,410 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in AMETEK by 35.7% in the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after acquiring an additional 695,419 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AME has been the topic of several research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $265.00 target price on shares of AMETEK in a research note on Monday, May 4th. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research report on Thursday, June 18th. Citigroup assumed coverage on shares of AMETEK in a report on Monday, June 15th. They set a “neutral” rating and a $257.00 price target for the company. Mizuho set a $270.00 price objective on shares of AMETEK in a research report on Friday, May 1st. Finally, Royal Bank Of Canada increased their target price on shares of AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.57.
AMETEK Stock Performance
Shares of AME stock opened at $231.34 on Thursday. AMETEK, Inc. has a fifty-two week low of $174.43 and a fifty-two week high of $244.71. The stock’s 50-day moving average is $231.02 and its two-hundred day moving average is $225.19. 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 has a market cap of $53.02 billion, a P/E ratio of 34.95, a PEG ratio of 3.25 and a beta of 0.99.
AMETEK (NYSE:AME – Get Free Report) 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 business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. 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 earnings per share for the current fiscal year.
AMETEK Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were 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 was Monday, June 15th. AMETEK’s payout ratio is currently 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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