Praxis Investment Management Inc. Raises Stock Holdings in AMETEK, Inc. $AME

Praxis Investment Management Inc. increased its position in AMETEK, Inc. (NYSE:AME) by 39.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,484 shares of the technology company’s stock after buying an additional 2,129 shares during the quarter. Praxis Investment Management Inc.’s holdings in AMETEK were worth $1,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Indivisible Partners purchased a new position in shares of AMETEK in the fourth quarter worth $297,000. Swedbank AB increased its stake in shares of AMETEK by 0.7% in the fourth quarter. Swedbank AB now owns 82,444 shares of the technology company’s stock worth $16,927,000 after buying an additional 552 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after buying an additional 28,621 shares during the period. BOKF NA increased its stake in shares of AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after buying an additional 84 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of AMETEK by 5.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,642 shares of the technology company’s stock worth $8,550,000 after buying an additional 1,969 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird set a $244.00 target price on shares of AMETEK in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a report on Wednesday, January 21st. Morgan Stanley lifted their price target on shares of AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of AMETEK in a report on Wednesday, January 21st. They issued a “buy” rating and a $271.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

Insider Activity at AMETEK

In other news, Director Thomas A. Amato sold 530 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director owned 4,480 shares in the company, valued at approximately $971,174.40. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

AMETEK Stock Performance

NYSE:AME opened at $241.31 on Thursday. The stock has a market cap of $55.31 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 3.29 and a beta of 1.03. The firm’s fifty day simple moving average is $225.79 and its 200 day simple moving average is $213.96. AMETEK, Inc. has a twelve month low of $168.49 and a twelve month high of $243.18. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business had revenue of $1.93 billion for 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 firm’s revenue for the quarter 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. As a group, research analysts predict that AMETEK, Inc. will post 8.12 EPS for the current year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.34 per share. This is a boost from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, March 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is presently 20.54%.

About AMETEK

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.