Sterling Capital Management LLC Sells 4,676 Shares of AMETEK, Inc. $AME

Sterling Capital Management LLC lowered its position in AMETEK, Inc. (NYSE:AME) by 19.0% in the 1st quarter, Holdings Channel reports. The firm owned 19,912 shares of the technology company’s stock after selling 4,676 shares during the quarter. Sterling Capital Management LLC’s holdings in AMETEK were worth $4,268,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of AMETEK in the fourth quarter worth approximately $831,372,000. Wellington Management Group LLP grew its position in AMETEK by 302.9% in the 4th quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after acquiring an additional 2,110,818 shares during the last quarter. Balyasny Asset Management L.P. grew its position in AMETEK by 539.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock valued at $219,796,000 after acquiring an additional 903,061 shares during the last quarter. Nordea Investment Management AB increased its stake in AMETEK by 825.0% in 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. Finally, Lazard Asset Management LLC lifted 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 purchasing an additional 695,419 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AME shares. Morgan Stanley boosted their target price on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. Barclays raised their price target on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Citigroup assumed coverage on shares of AMETEK in a research note on Monday, June 15th. They issued a “neutral” rating and a $257.00 target price on the stock. Finally, Truist Financial reaffirmed a “buy” rating and set a $275.00 target price (up from $265.00) on shares of AMETEK in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.57.

AMETEK Price Performance

Shares of AME stock opened at $237.65 on Friday. AMETEK, Inc. has a twelve month low of $174.43 and a twelve month high of $244.71. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $230.68 and a two-hundred day simple moving average of $223.07. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 3.33 and a beta of 1.00.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. 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, analysts predict that AMETEK, Inc. will post 8.13 EPS for the current fiscal year.

AMETEK Dividend Announcement

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

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.