CIBC Asset Management Inc Buys 22,323 Shares of AMETEK, Inc. $AME

CIBC Asset Management Inc lifted its stake in shares of AMETEK, Inc. (NYSE:AME) by 36.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 84,191 shares of the technology company’s stock after purchasing an additional 22,323 shares during the quarter. CIBC Asset Management Inc’s holdings in AMETEK were worth $17,285,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Florida Financial Advisors LLC grew its position in AMETEK by 2.2% during the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock worth $406,000 after acquiring an additional 43 shares during the last quarter. Plato Investment Management Ltd grew its holdings in shares of AMETEK by 0.4% during the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 47 shares during the last quarter. Allegiance Financial Group Advisory Services LLC raised its holdings in AMETEK by 4.0% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock valued at $257,000 after buying an additional 48 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in AMETEK by 6.3% during the 4th quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock worth $175,000 after buying an additional 50 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in AMETEK by 2.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,816 shares of the technology company’s stock valued at $373,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

AME has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a report on Wednesday, May 20th. BMO Capital Markets initiated coverage on AMETEK in a research report on Friday, March 27th. They issued an “outperform” rating and a $253.00 price target on the stock. Truist Financial reissued a “buy” rating and issued a $275.00 price target (up from $265.00) on shares of AMETEK in a research note on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price objective on shares of AMETEK in a research note on Monday, May 4th. Finally, Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

Insider Activity at AMETEK

In other news, Director Thomas A. Amato sold 530 shares of the business’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 sale, the director directly owned 4,480 shares of the company’s stock, valued at $971,174.40. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

AMETEK Stock Performance

Shares of AME opened at $228.91 on Friday. The company has a market cap of $52.47 billion, a PE ratio of 34.58, a P/E/G ratio of 3.20 and a beta of 1.00. AMETEK, Inc. has a one year low of $174.43 and a one year high of $243.18. The stock has a 50-day moving average of $227.31 and a 200-day moving average of $219.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. AMETEK’s revenue for the quarter was up 11.3% on a year-over-year basis. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, equities research analysts predict that AMETEK, Inc. will post 8.13 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.

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.