DNB Asset Management AS Sells 34,703 Shares of AMETEK, Inc. $AME

DNB Asset Management AS trimmed its position in AMETEK, Inc. (NYSE:AME) by 27.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 91,817 shares of the technology company’s stock after selling 34,703 shares during the period. DNB Asset Management AS’s holdings in AMETEK were worth $16,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SouthState Corp lifted its stake in shares of AMETEK by 47.4% during the second quarter. SouthState Corp now owns 202 shares of the technology company’s stock valued at $37,000 after acquiring an additional 65 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in shares of AMETEK by 3.9% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,784 shares of the technology company’s stock valued at $307,000 after purchasing an additional 67 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of AMETEK by 3.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,335 shares of the technology company’s stock worth $423,000 after buying an additional 69 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock worth $33,000 after buying an additional 71 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in AMETEK by 8.3% in the first quarter. Federated Hermes Inc. now owns 1,017 shares of the technology company’s stock valued at $175,000 after buying an additional 78 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Trading Up 2.7%

NYSE:AME opened at $195.21 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The business’s 50-day simple moving average is $189.16 and its 200-day simple moving average is $183.85. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $204.15. The stock has a market capitalization of $44.94 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12.

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

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 5th. AMETEK’s payout ratio is currently 19.56%.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on AMETEK from $185.00 to $198.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Mizuho raised their target price on AMETEK from $212.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Barclays upped their price target on AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Finally, KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average target price of $211.00.

Insiders Place Their Bets

In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of the stock in a transaction dated Friday, October 31st. The stock was 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 owned 40,226 shares in the company, valued at approximately $8,047,211.30. This represents a 39.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

About AMETEK

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.