AMETEK, Inc. $AME Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC trimmed its holdings in AMETEK, Inc. (NYSE:AME) by 50.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,955 shares of the technology company’s stock after selling 43,933 shares during the quarter. Sawgrass Asset Management LLC’s holdings in AMETEK were worth $8,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of AMETEK in the second quarter worth $650,613,000. Amundi lifted its holdings in AMETEK by 266.1% in the second quarter. Amundi now owns 1,512,966 shares of the technology company’s stock worth $275,345,000 after purchasing an additional 1,099,748 shares during the period. Invesco Ltd. lifted its holdings in AMETEK by 22.3% in the second quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock worth $769,890,000 after purchasing an additional 775,078 shares during the period. EdgePoint Investment Group Inc. increased its stake in AMETEK by 24.4% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company’s stock valued at $529,585,000 after buying an additional 573,191 shares during the period. Finally, Vanguard Group Inc. increased its stake in AMETEK by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,997,665 shares of the technology company’s stock valued at $4,885,497,000 after buying an additional 513,402 shares during the period. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AME. TD Cowen raised shares of AMETEK from a “sell” rating to a “buy” rating in a research note on Tuesday, December 23rd. Barclays upped their target price on AMETEK from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday. Melius Research set a $235.00 price objective on AMETEK in a report on Monday, January 5th. Finally, Robert W. Baird raised their target price on AMETEK from $198.00 to $204.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $229.82.

AMETEK Stock Performance

AME opened at $220.86 on Friday. The firm has a market cap of $50.84 billion, a PE ratio of 34.84, a P/E/G ratio of 3.00 and a beta of 1.04. The company has a quick ratio of 0.72, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $204.60 and a 200-day simple moving average of $192.51. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $224.37.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. AMETEK had a return on equity of 16.66% and a net margin of 20.50%.The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. AMETEK’s revenue for the quarter was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. As a group, equities analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 5th. AMETEK’s dividend payout ratio (DPR) is presently 19.56%.

Insider Activity

In other news, insider Thomas C. Marecic sold 14,310 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $202.11, for a total transaction of $2,892,194.10. Following the sale, the insider owned 42,589 shares in the company, valued at $8,607,662.79. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas M. Montgomery sold 6,388 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the completion of the transaction, the vice president directly owned 22,116 shares of the company’s stock, valued at $4,534,885.80. This represents a 22.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 163,378 shares of company stock valued at $32,471,654. 0.57% of the stock is currently owned by insiders.

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.