Pacer Advisors Inc. cut its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,614 shares of the technology company’s stock after selling 2,877 shares during the period. Pacer Advisors Inc.’s holdings in AMETEK were worth $4,204,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of AMETEK in the 2nd quarter valued at about $25,000. MV Capital Management Inc. purchased a new stake in shares of AMETEK during the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. raised its holdings in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. BOKF NA raised its holdings in AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in AMETEK by 393.1% in the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.
AMETEK Stock Down 1.3%
AMETEK stock opened at $251.33 on Friday. The stock has a market capitalization of $57.60 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 3.43 and a beta of 0.98. The company has a current ratio of 1.21, a quick ratio of 0.72 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $235.53 and a two-hundred day moving average of $229.72. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $257.95.
Key Headlines Impacting AMETEK
Here are the key news stories impacting AMETEK this week:
- Positive Sentiment: Quarterly results exceeded expectations. AMETEK reported adjusted earnings of $2.09 per share versus the $1.99 consensus estimate, while revenue increased 15% year over year to $2.04 billion. Earnings rose 17%, supported by stronger demand in its Electronic Instruments Group and Electromechanical Group. AMETEK Q2 Earnings Surpass Expectations, Revenues Rise Year Over Year
- Positive Sentiment: Management raised its 2026 outlook. The company guided to third-quarter earnings of $2.08–$2.10 per share and full-year earnings of $8.20–$8.30, reflecting confidence in broad-based demand, operating execution and contributions from strategic acquisitions. AMETEK Inc. Earnings Call Signals Broad-Based Strength
- Positive Sentiment: Analysts became more bullish. DA Davidson raised its price target to $285 and maintained a Buy rating, while BNP Paribas Exane lifted its target to $280 and assigned an Outperform rating. These revisions followed the earnings beat and improved guidance. Analysts Offer Insights on Industrial Goods Companies
- Neutral Sentiment: AMETEK introduced the Grabner Vision Pro Series, a fuel-analysis product intended to improve testing performance. The launch adds to the company’s product pipeline, although its near-term financial impact is unclear. AMETEK Introduces Grabner Vision Pro Series
- Negative Sentiment: At roughly 36.7 times earnings and a PEG ratio above 3, AMETEK trades at a demanding valuation near its 12-month high. That leaves the shares vulnerable to profit-taking or a muted reaction if future growth does not exceed the upgraded expectations.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. BNP Paribas Exane increased their price objective on shares of AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday. Mizuho set a $270.00 price objective on shares of AMETEK in a research report on Friday, May 1st. Truist Financial boosted their target price on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada raised their price target on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Weiss Ratings downgraded AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $266.80.
Read Our Latest Stock Analysis on AMETEK
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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