JPMorgan Chase & Co. Sells 545,379 Shares of AMETEK, Inc. $AME

JPMorgan Chase & Co. lowered its stake in AMETEK, Inc. (NYSE:AME) by 11.5% in the 3rd quarter, Holdings Channel reports. The firm owned 4,202,542 shares of the technology company’s stock after selling 545,379 shares during the quarter. JPMorgan Chase & Co.’s holdings in AMETEK were worth $790,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AME. Norges Bank bought a new position in shares of AMETEK in the 2nd quarter worth $650,613,000. Amundi grew its holdings in AMETEK by 266.1% in the 2nd quarter. Amundi now owns 1,512,966 shares of the technology company’s stock worth $275,345,000 after acquiring an additional 1,099,748 shares during the last quarter. Invesco Ltd. increased its holdings in AMETEK by 22.3% during the 2nd quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock valued at $769,890,000 after purchasing an additional 775,078 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of AMETEK during the third quarter valued at approximately $118,311,000. Finally, EdgePoint Investment Group Inc. lifted its position in shares of 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 purchasing an additional 573,191 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Thomas C. Marecic sold 14,310 shares of the firm’s 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 completion of the transaction, the insider owned 42,589 shares of the company’s stock, valued at $8,607,662.79. This trade represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas M. Montgomery sold 6,388 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the completion of the transaction, the vice president directly owned 22,116 shares of the company’s stock, valued at $4,534,885.80. The trade was a 22.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,088 shares of company stock valued at $27,212,340 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AME has been the topic of a number of research reports. Oppenheimer cut shares of AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. KeyCorp upped their target price on shares of AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Barclays increased their target price on AMETEK from $210.00 to $220.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of AMETEK in a research report on Wednesday, January 21st. They set a “buy” rating and a $271.00 price objective for the company. Finally, Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

AMETEK Trading Up 1.5%

Shares of AME opened at $233.15 on Wednesday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $239.94. The firm has a market capitalization of $53.67 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 3.28 and a beta of 1.03. The company has a 50-day moving average of $215.74 and a 200 day moving average of $198.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.67.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, February 3rd. The technology company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.07. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. 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, research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.34 dividend. This is a positive change from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, March 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is 19.38%.

AMETEK 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.