Sei Investments Co. grew its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 21.6% during the 1st quarter, HoldingsChannel reports. The firm owned 419,188 shares of the technology company’s stock after buying an additional 74,431 shares during the quarter. Sei Investments Co.’s holdings in AMETEK were worth $89,856,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sivia Capital Partners LLC acquired a new position in shares of AMETEK in the 2nd quarter valued at $295,000. Baird Financial Group Inc. boosted its holdings 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 buying an additional 2,323 shares in the last quarter. NewEdge Advisors LLC grew its position in AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock valued at $714,000 after buying an additional 1,555 shares during the period. Squarepoint Ops LLC increased its holdings in AMETEK by 105.3% in the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after buying an additional 81,178 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in AMETEK by 7.8% in the second quarter. CIBC Asset Management Inc now owns 59,882 shares of the technology company’s stock valued at $10,836,000 after buying an additional 4,348 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
Wall Street Analysts Forecast Growth
AME has been the subject of a number of analyst reports. Barclays upped their price target on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of AMETEK in a research report on Monday, May 4th. Truist Financial upped their target price on AMETEK from $275.00 to $303.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Robert W. Baird set a $244.00 target price on AMETEK in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. One 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. According to data from MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $256.29.
AMETEK Stock Performance
Shares of NYSE:AME opened at $242.10 on Friday. 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 business’s 50 day moving average price is $231.91 and its 200-day moving average price is $227.51. The firm has a market capitalization of $55.49 billion, a PE ratio of 36.57, a P/E/G ratio of 3.38 and a beta of 0.99. AMETEK, Inc. has a 1 year low of $175.61 and a 1 year high of $244.71.
AMETEK (NYSE:AME – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts expect that AMETEK, Inc. will post 8.14 earnings per share for the current fiscal year.
AMETEK Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. AMETEK’s dividend payout ratio (DPR) 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.
Featured Stories
- Five stocks we like better than AMETEK
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME – Free Report).
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
