Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 527,119 shares of the technology company’s stock after selling 11,127 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in AMETEK were worth $108,223,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of AME. Nordea Investment Management AB raised its holdings in shares of AMETEK by 825.0% during the fourth quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after purchasing an additional 760,410 shares during the period. Lazard Asset Management LLC grew its position in shares of AMETEK by 35.7% during the third 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 during the last quarter. Man Group plc grew its position in shares of AMETEK by 411.8% during the third quarter. Man Group plc now owns 785,020 shares of the technology company’s stock worth $147,584,000 after acquiring an additional 631,649 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of AMETEK during the third quarter worth about $118,311,000. Finally, AQR Capital Management LLC grew its position in shares of AMETEK by 343.5% during the second quarter. AQR Capital Management LLC now owns 656,112 shares of the technology company’s stock worth $118,349,000 after acquiring an additional 508,164 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at AMETEK
In other news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the completion of the transaction, the director owned 4,480 shares in the company, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.
AMETEK Stock Down 0.3%
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $1.87 EPS. AMETEK’s revenue was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. On average, analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.
AMETEK Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.34 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, March 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is presently 21.25%.
Analyst Ratings Changes
Several equities analysts have recently commented on AME shares. DA Davidson restated a “buy” rating and set a $240.00 price target on shares of AMETEK in a research report on Wednesday, February 4th. Oppenheimer lowered shares of AMETEK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 27th. Melius Research set a $235.00 price target on shares of AMETEK in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Finally, Morgan Stanley upped their price target on shares of AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.67.
Read Our Latest Research Report on AME
AMETEK Company Profile
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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