Legal & General Group Plc Has $279.57 Million Position in AMETEK, Inc. $AME

Legal & General Group Plc cut its position in AMETEK, Inc. (NYSE:AME) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,361,699 shares of the technology company’s stock after selling 42,047 shares during the quarter. Legal & General Group Plc’s holdings in AMETEK were worth $279,570,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AME. Plato Investment Management Ltd increased its holdings in shares of AMETEK by 0.4% during the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock worth $2,218,000 after buying an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its holdings in shares of AMETEK by 4.0% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock worth $257,000 after buying an additional 48 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of AMETEK by 6.3% during the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock worth $175,000 after buying an additional 50 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of AMETEK by 2.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,816 shares of the technology company’s stock worth $373,000 after buying an additional 51 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in AMETEK by 2.0% in the 3rd quarter. Parallel Advisors LLC now owns 2,766 shares of the technology company’s stock valued at $520,000 after acquiring an additional 53 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 530 shares of the firm’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 of the company’s stock, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AME shares. Barclays upped 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. KeyCorp upped their price target on shares of AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Tuesday, February 3rd. Oppenheimer cut shares of AMETEK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 27th. Finally, Mizuho set a $270.00 price target on shares of AMETEK in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.33.

AMETEK Stock Up 2.2%

Shares of NYSE AME opened at $229.42 on Wednesday. The firm has a market cap of $52.58 billion, a PE ratio of 34.66, a P/E/G ratio of 3.15 and a beta of 1.03. AMETEK, Inc. has a 12-month low of $174.43 and a 12-month high of $243.18. The company’s fifty day simple moving average is $225.46 and its 200 day simple moving average is $217.62. 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 issued its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. AMETEK’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, sell-side analysts forecast that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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