Goldman Sachs Group Inc. Cuts Stake in AMETEK, Inc. $AME

Goldman Sachs Group Inc. lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 23.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,328,745 shares of the technology company’s stock after selling 732,567 shares during the quarter. Goldman Sachs Group Inc.’s holdings in AMETEK were worth $478,115,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its stake in AMETEK by 84.3% in the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of AMETEK during the 2nd quarter worth approximately $25,000. BOKF NA raised its holdings in shares of AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after purchasing an additional 84 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of AMETEK in the 4th quarter worth approximately $32,000. Finally, ORG Partners LLC lifted its stake in AMETEK by 42.6% in the fourth quarter. ORG Partners LLC now owns 201 shares of the technology company’s stock valued at $41,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho set a $270.00 target price on AMETEK in a research report on Friday, May 1st. Robert W. Baird set a $244.00 price target on AMETEK in a research report on Friday, May 1st. Morgan Stanley increased their price target on AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Truist Financial reissued 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. Finally, BMO Capital Markets assumed coverage on AMETEK in a research note on Friday, March 27th. They issued an “outperform” rating and a $253.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

Insider Buying and Selling at AMETEK

In other news, Director Thomas A. Amato sold 530 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director directly owned 4,480 shares in the company, valued at $971,174.40. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

AMETEK Trading Up 0.3%

Shares of AME stock opened at $228.91 on Friday. The stock has a market capitalization of $52.47 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.20 and a beta of 1.00. The company’s fifty day simple moving average is $227.31 and its two-hundred day simple moving average is $219.12. AMETEK, Inc. has a 1 year low of $174.43 and a 1 year high of $243.18. 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 (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 company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business earned $1.75 earnings per share. The firm’s quarterly revenue 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. As a group, analysts anticipate that AMETEK, Inc. will post 8.13 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued 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 of this dividend is Monday, June 15th. AMETEK’s payout ratio is presently 20.54%.

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.