Texas Permanent School Fund Corp Cuts Stock Position in AMETEK, Inc. $AME

Texas Permanent School Fund Corp trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME) by 29.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,105 shares of the technology company’s stock after selling 8,323 shares during the period. Texas Permanent School Fund Corp’s holdings in AMETEK were worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AME. Norges Bank acquired a new position in shares of AMETEK during the second quarter worth about $650,613,000. Price T Rowe Associates Inc. MD raised its holdings in shares of AMETEK by 21.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company’s stock valued at $1,888,385,000 after buying an additional 1,908,742 shares during the period. Amundi raised its holdings in shares of AMETEK by 266.1% during the 2nd quarter. Amundi now owns 1,512,966 shares of the technology company’s stock valued at $275,345,000 after buying an additional 1,099,748 shares during the period. Invesco Ltd. lifted its position in AMETEK by 22.3% during the 2nd quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock worth $769,890,000 after acquiring an additional 775,078 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in AMETEK by 24.4% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company’s stock worth $529,585,000 after acquiring an additional 573,191 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a report 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. KeyCorp raised their target price on AMETEK from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Barclays boosted their price target on AMETEK from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Activity at AMETEK

In other AMETEK news, insider Thomas C. Marecic sold 14,310 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $202.11, for a total transaction of $2,892,194.10. Following the sale, the insider directly owned 42,589 shares of the company’s stock, valued at approximately $8,607,662.79. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David A. Zapico sold 28,390 shares of AMETEK stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.76, for a total transaction of $5,727,966.40. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 156,990 shares of company stock valued at $31,161,795. Corporate insiders own 0.57% of the company’s stock.

AMETEK Price Performance

AME opened at $201.93 on Friday. The company has a market capitalization of $46.49 billion, a P/E ratio of 31.85, a PEG ratio of 2.84 and a beta of 1.04. The company has a 50-day moving average of $194.08 and a 200-day moving average of $186.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.72 and a current ratio of 1.16. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $204.43.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.81 billion. AMETEK had a net margin of 20.50% and a return on equity of 16.66%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. Equities analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, December 5th. AMETEK’s payout ratio is 19.56%.

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.