Kornitzer Capital Management Inc. KS Sells 18,255 Shares of AMETEK, Inc. $AME

Kornitzer Capital Management Inc. KS lessened its holdings in AMETEK, Inc. (NYSE:AME) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,275 shares of the technology company’s stock after selling 18,255 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in AMETEK were worth $14,152,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of AMETEK during the 2nd quarter worth about $650,613,000. Amundi boosted its position in AMETEK by 266.1% during 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. grew its holdings in AMETEK by 22.3% during the second quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock valued at $769,890,000 after purchasing an additional 775,078 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in shares of AMETEK by 24.4% in the second quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company’s stock valued at $529,585,000 after purchasing an additional 573,191 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of AMETEK by 1.9% in the second quarter. Vanguard Group Inc. now owns 26,997,665 shares of the technology company’s stock worth $4,885,497,000 after buying an additional 513,402 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. TD Cowen upgraded shares of AMETEK from a “sell” rating to a “buy” rating in a report on Tuesday, December 23rd. Robert W. Baird boosted their price objective on AMETEK from $198.00 to $204.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Melius Research set a $235.00 target price on AMETEK in a report on Monday, January 5th. Truist Financial increased their price objective on AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $229.82.

AMETEK Trading Down 0.4%

Shares of AMETEK stock opened at $219.81 on Tuesday. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $224.37. The firm has a market capitalization of $50.60 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 3.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.72. The company’s fifty day moving average price is $205.18 and its two-hundred day moving average price is $192.86.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. AMETEK had a net margin of 20.50% and a return on equity of 16.66%. The business 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 business earned $1.66 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

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

Insider Buying and Selling

In related news, VP Thomas M. Montgomery sold 6,388 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $205.05, for a total value of $1,309,859.40. Following the sale, the vice president owned 22,116 shares of the company’s stock, valued at $4,534,885.80. The trade was a 22.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronald J. Oscher sold 26,290 shares of the stock in a transaction 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 transaction, the insider owned 40,226 shares of the company’s stock, valued at $8,047,211.30. This represents a 39.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,378 shares of company stock worth $32,471,654 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

AMETEK 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.