AMETEK, Inc. $AME Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in AMETEK, Inc. (NYSE:AME) by 9.8% during the 2nd quarter, Holdings Channel reports. The fund owned 3,663,144 shares of the technology company’s stock after selling 399,050 shares during the quarter. Bank of New York Mellon Corp’s holdings in AMETEK were worth $662,883,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bares Capital Management Inc. acquired a new stake in shares of AMETEK in the first quarter valued at $26,000. ST Germain D J Co. Inc. raised its stake in shares of AMETEK by 628.6% in the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock valued at $28,000 after acquiring an additional 132 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of AMETEK by 57.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of AMETEK in the second quarter valued at $39,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of AMETEK in the first quarter valued at $42,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AME has been the topic of several analyst reports. Wall Street Zen upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp increased their price objective on AMETEK from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada increased their price objective on AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday. Barclays increased their target price on AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.00.

Insider Activity

In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of the firm’s 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 transaction, the insider owned 40,226 shares of the company’s stock, valued at approximately $8,047,211.30. This trade represents a 39.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.

AMETEK Stock Performance

NYSE:AME opened at $198.50 on Tuesday. The firm has a market capitalization of $45.85 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The business’s fifty day moving average price is $186.99 and its 200 day moving average price is $181.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $204.15.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $1.89 billion for 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%.AMETEK’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. On average, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is presently 19.56%.

AMETEK 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.