California Public Employees Retirement System Sells 30,304 Shares of AMETEK, Inc. $AME

California Public Employees Retirement System cut its position in AMETEK, Inc. (NYSE:AME) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 401,034 shares of the technology company’s stock after selling 30,304 shares during the period. California Public Employees Retirement System’s holdings in AMETEK were worth $85,966,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of AMETEK during the fourth quarter worth $831,372,000. Wellington Management Group LLP lifted its position in AMETEK by 302.9% in the 4th quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after acquiring an additional 2,110,818 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in AMETEK by 539.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock worth $219,796,000 after purchasing an additional 903,061 shares during the period. Nordea Investment Management AB lifted its holdings in shares of AMETEK by 825.0% in 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 in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of AMETEK by 35.7% in 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 in the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

AMETEK stock opened at $236.66 on Monday. The company has a market capitalization of $54.24 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 3.32 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 12 month low of $175.61 and a 12 month high of $244.71. The stock’s 50 day moving average is $231.11 and its 200-day moving average is $226.52.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping 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 business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm posted $1.75 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Equities research analysts expect that AMETEK, Inc. will post 8.14 EPS for the current year.

AMETEK Announces Dividend

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

Wall Street Analysts Forecast Growth

AME has been the topic of several research reports. Citigroup started coverage on AMETEK in a research note on Monday, June 15th. They issued a “neutral” rating and a $257.00 target price on the stock. DA Davidson reissued a “buy” rating and set a $265.00 price target on shares of AMETEK in a research report on Monday, May 4th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Mizuho set a $270.00 target price on shares of AMETEK in a research note on Friday, May 1st. Finally, Barclays boosted their target price on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. 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. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus price target of $256.29.

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.