Panagora Asset Management Inc. Sells 452,825 Shares of AMETEK, Inc. $AME

Panagora Asset Management Inc. cut its holdings in AMETEK, Inc. (NYSE:AME) by 59.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,022 shares of the technology company’s stock after selling 452,825 shares during the period. Panagora Asset Management Inc.’s holdings in AMETEK were worth $64,267,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of AMETEK by 3.1% in the third quarter. Captrust Financial Advisors now owns 268,096 shares of the technology company’s stock valued at $50,402,000 after acquiring an additional 8,101 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of AMETEK during the 4th quarter worth $1,653,000. Massachusetts Financial Services Co. MA increased its holdings in AMETEK by 10.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,937 shares of the technology company’s stock worth $197,085,000 after acquiring an additional 94,544 shares during the last quarter. MAI Capital Management raised its stake in AMETEK by 33.8% in the 3rd quarter. MAI Capital Management now owns 18,403 shares of the technology company’s stock valued at $3,460,000 after acquiring an additional 4,648 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in AMETEK by 825.0% during the fourth quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock valued at $176,153,000 after purchasing an additional 760,410 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Mizuho set a $270.00 price target on shares of AMETEK in a research report on Friday, May 1st. Truist Financial reaffirmed a “buy” rating and issued a $275.00 price objective (up from $265.00) on shares of AMETEK in a report on Monday, May 4th. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Robert W. Baird set a $244.00 target price on shares of AMETEK in a report on Friday, May 1st. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $252.33.

Insider Buying and Selling

In related news, Director Thomas A. Amato sold 530 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 4,480 shares of the company’s stock, valued at approximately $971,174.40. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

AMETEK Stock Down 0.1%

Shares of NYSE AME opened at $226.97 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The company has a market cap of $52.02 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.19 and a beta of 1.00. AMETEK, Inc. has a 52 week low of $174.43 and a 52 week high of $243.18. The business has a 50-day simple moving average of $228.92 and a two-hundred day simple moving average of $220.56.

AMETEK (NYSE:AME) last announced 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 return on equity of 16.63% and a net margin of 20.11%.The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business posted $1.75 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Research analysts anticipate that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s 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.