Carnegie Investment Counsel Cuts Stake in AMETEK, Inc. $AME

Carnegie Investment Counsel cut its stake in AMETEK, Inc. (NYSE:AME) by 9.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 22,929 shares of the technology company’s stock after selling 2,437 shares during the period. Carnegie Investment Counsel’s holdings in AMETEK were worth $4,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AME. Welch & Forbes LLC acquired a new position in AMETEK during the first quarter worth approximately $206,000. Fifth Third Bancorp grew its stake in shares of AMETEK by 1,060.3% during the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after buying an additional 75,799 shares during the period. Candriam S.C.A. increased its holdings in shares of AMETEK by 23.3% during the 1st quarter. Candriam S.C.A. now owns 18,422 shares of the technology company’s stock worth $3,949,000 after buying an additional 3,487 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of AMETEK by 1.2% during the 1st quarter. Kestra Advisory Services LLC now owns 21,370 shares of the technology company’s stock worth $4,581,000 after buying an additional 246 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in shares of AMETEK by 0.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 69,357 shares of the technology company’s stock worth $14,791,000 after buying an additional 597 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Robert W. Baird set a $244.00 price objective on AMETEK in a report on Friday, May 1st. BMO Capital Markets started coverage on AMETEK in a research note on Friday, March 27th. They issued an “outperform” rating and a $253.00 price objective on the stock. Barclays boosted their target price on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Citigroup assumed coverage on shares of AMETEK in a research report on Monday, June 15th. They set a “neutral” rating and a $257.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $256.29.

AMETEK Stock Down 0.1%

Shares of AMETEK stock opened at $233.85 on Monday. AMETEK, Inc. has a twelve month low of $174.43 and a twelve month high of $244.71. The stock has a market cap of $53.60 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99. 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 company has a fifty day moving average price of $231.21 and a 200 day moving average price of $225.60.

AMETEK (NYSE:AME) last released its quarterly earnings data 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 company 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 firm’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company 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. Equities research analysts forecast that AMETEK, Inc. will post 8.14 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is presently 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.