Absher Wealth Management LLC Has $901,000 Position in AMETEK, Inc. $AME

Absher Wealth Management LLC cut its stake in shares of AMETEK, Inc. (NYSE:AME) by 46.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,205 shares of the technology company’s stock after selling 3,648 shares during the period. Absher Wealth Management LLC’s holdings in AMETEK were worth $901,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of AMETEK during the 4th quarter valued at $831,372,000. Wellington Management Group LLP increased its stake in shares of AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after acquiring an additional 2,110,818 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of AMETEK by 539.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock worth $219,796,000 after acquiring an additional 903,061 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of AMETEK by 825.0% during the fourth quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after acquiring an additional 760,410 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in AMETEK by 35.7% during the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock valued at $497,444,000 after purchasing an additional 695,419 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $233.85 on Monday. The company has a market capitalization of $53.60 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. AMETEK, Inc. has a one year low of $174.43 and a one year high of $244.71. The company’s fifty day moving average price is $231.21 and its 200 day moving average price is $225.60.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts expect that AMETEK, Inc. will post 8.14 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.34 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is presently 20.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets initiated coverage on AMETEK in a report on Friday, March 27th. They issued an “outperform” rating and a $253.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price objective on shares of AMETEK in a research note on Monday, May 4th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. Citigroup assumed coverage on AMETEK in a report on Monday, June 15th. They set a “neutral” rating and a $257.00 target price on the stock. Finally, Truist Financial boosted their price target on AMETEK from $275.00 to $303.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.29.

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.