Comerica Bank Sells 30,895 Shares of AMETEK, Inc. $AME

Comerica Bank reduced its position in shares of AMETEK, Inc. (NYSE:AME) by 46.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 35,607 shares of the technology company’s stock after selling 30,895 shares during the quarter. Comerica Bank’s holdings in AMETEK were worth $7,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AME. Sivia Capital Partners LLC bought a new stake in AMETEK during the second quarter worth $295,000. Baird Financial Group Inc. raised its position in AMETEK by 16.1% during the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after acquiring an additional 2,323 shares in the last quarter. NewEdge Advisors LLC raised its position in AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after acquiring an additional 1,555 shares in the last quarter. Sei Investments Co. raised its position in AMETEK by 38.2% during the second quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after acquiring an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in AMETEK by 105.3% during the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after acquiring an additional 81,178 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Price Performance

NYSE:AME opened at $227.51 on Thursday. AMETEK, Inc. has a one year low of $163.20 and a one year high of $242.05. The company has a market cap of $52.11 billion, a P/E ratio of 35.55, a P/E/G ratio of 3.35 and a beta of 1.04. The firm’s fifty day moving average price is $225.49 and its two-hundred day moving average price is $212.64. 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 released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Equities analysts expect that AMETEK, Inc. will post 8.04 earnings per share for the current year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.34 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 16th. AMETEK’s dividend payout ratio is presently 21.25%.

Insider Activity at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 530 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total value of $114,893.40. Following the transaction, the director directly owned 4,480 shares in the company, valued at $971,174.40. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on AME shares. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research report on Tuesday, February 3rd. Truist Financial set a $265.00 price target on shares of AMETEK in a research report on Wednesday, February 4th. Barclays upped their price target on shares of AMETEK from $210.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. KeyCorp upped their price target on shares of AMETEK from $235.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley upped their price target on shares of AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $244.67.

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.