AMETEK, Inc. $AME Shares Sold by Novare Capital Management LLC

Novare Capital Management LLC cut its position in shares of AMETEK, Inc. (NYSE:AME) by 5.3% during the first quarter, Holdings Channel.com reports. The firm owned 66,426 shares of the technology company’s stock after selling 3,742 shares during the quarter. AMETEK makes up approximately 1.1% of Novare Capital Management LLC’s portfolio, making the stock its 25th biggest position. Novare Capital Management LLC’s holdings in AMETEK were worth $14,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in AME. Norges Bank acquired a new stake in shares of AMETEK during the 4th quarter worth approximately $831,372,000. Wellington Management Group LLP lifted its holdings in AMETEK by 302.9% in the fourth 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. lifted its holdings in AMETEK by 539.2% in the fourth 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 grew its position 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 acquiring an additional 760,410 shares during the period. Finally, Lazard Asset Management LLC increased its stake in 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 acquiring 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

AME has been the topic of several recent analyst reports. Citigroup began coverage on AMETEK in a research note on Monday, June 15th. They issued a “neutral” rating and a $257.00 price target on the stock. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Morgan Stanley upped their target price on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. Barclays lifted their price target on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, DA Davidson reissued a “buy” rating and issued a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. One 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 stock. Based on data from MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average target price of $253.57.

AMETEK Stock Up 1.7%

Shares of AME opened at $241.41 on Tuesday. The company’s 50-day simple moving average is $230.39 and its 200-day simple moving average is $222.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. AMETEK, Inc. has a 1 year low of $174.43 and a 1 year high of $243.18. The stock has a market capitalization of $55.33 billion, a PE ratio of 36.47, a P/E/G ratio of 3.33 and a beta of 1.00.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Analysts forecast that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 0.6%. AMETEK’s dividend payout ratio is currently 20.54%.

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.