AMETEK, Inc. $AME Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC reduced its stake in shares of AMETEK, Inc. (NYSE:AME) by 29.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 47,226 shares of the technology company’s stock after selling 19,818 shares during the period. Magnetar Financial LLC’s holdings in AMETEK were worth $8,546,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AME. Invesco Ltd. boosted its stake in shares of AMETEK by 127.2% in the first quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company’s stock worth $598,943,000 after buying an additional 1,947,831 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in AMETEK by 21.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company’s stock worth $1,888,385,000 after purchasing an additional 1,908,742 shares in the last quarter. Nuveen LLC acquired a new stake in shares of AMETEK during the 1st quarter worth approximately $94,051,000. Vanguard Group Inc. grew its stake in shares of AMETEK by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,997,665 shares of the technology company’s stock worth $4,885,497,000 after purchasing an additional 513,402 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of AMETEK by 28.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,178,233 shares of the technology company’s stock valued at $374,961,000 after purchasing an additional 484,803 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 2.7%

Shares of AME opened at $195.21 on Friday. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $204.15. The stock has a market cap of $44.94 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. The firm’s fifty day moving average is $189.16 and its two-hundred day moving average is $183.85. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. Research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, December 5th. AMETEK’s payout ratio is currently 19.56%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AME shares. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a report on Wednesday, October 8th. Wall Street Zen raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Mizuho increased their price objective on shares of AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their target price on shares of AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Truist Financial upped their price target on shares of AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $211.00.

Insider Activity

In other news, insider Ronald J. Oscher sold 26,290 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $200.05, for a total value of $5,259,314.50. Following the completion of the sale, the insider directly owned 40,226 shares in the company, valued at $8,047,211.30. This represents a 39.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.