Sierra Legacy Group Has $2.06 Million Stock Holdings in AMETEK, Inc. $AME

Sierra Legacy Group boosted its position in AMETEK, Inc. (NYSE:AME) by 39.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,360 shares of the technology company’s stock after acquiring an additional 3,235 shares during the quarter. AMETEK comprises approximately 1.6% of Sierra Legacy Group’s portfolio, making the stock its 16th largest holding. Sierra Legacy Group’s holdings in AMETEK were worth $2,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AME. Bares Capital Management Inc. acquired a new stake in AMETEK in the first quarter valued at approximately $26,000. ST Germain D J Co. Inc. lifted its holdings in shares of AMETEK by 628.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock worth $28,000 after purchasing an additional 132 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of AMETEK by 129.7% in the 2nd quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock worth $31,000 after purchasing an additional 96 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock valued at $33,000 after purchasing an additional 71 shares during the period. Finally, SouthState Corp increased its stake in 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 purchasing an additional 65 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $189.92 on Wednesday. The stock has a 50 day moving average of $189.02 and a 200 day moving average of $183.58. The company has a market capitalization of $43.72 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 2.64 and a beta of 1.12. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $204.15. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.81 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The business’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $1.66 EPS. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK’s payout ratio is currently 19.56%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays raised their price objective on shares of AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Royal Bank Of Canada lifted their price target on AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Mizuho raised their target price on AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, KeyCorp upped their price target on AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.00.

Insiders Place Their Bets

In other news, insider Ronald J. Oscher sold 26,290 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $200.05, for a total transaction of $5,259,314.50. Following the completion of the transaction, the insider directly owned 40,226 shares of the company’s stock, valued at $8,047,211.30. This represents a 39.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

AMETEK Company Profile

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.