Kornitzer Capital Management Inc. KS Cuts Stock Position in AMETEK, Inc. $AME

Kornitzer Capital Management Inc. KS lessened its position in shares of AMETEK, Inc. (NYSE:AME) by 24.8% in the 1st quarter, HoldingsChannel reports. The fund owned 47,575 shares of the technology company’s stock after selling 15,700 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in AMETEK were worth $10,198,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new stake in shares of AMETEK during the 2nd quarter valued at $295,000. Baird Financial Group Inc. grew its stake in AMETEK by 16.1% during the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after buying an additional 2,323 shares during the last quarter. NewEdge Advisors LLC grew its stake in AMETEK by 65.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after buying an additional 1,555 shares during the last quarter. Sei Investments Co. increased its position in AMETEK by 38.2% during the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock valued at $40,392,000 after buying an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in AMETEK by 105.3% in the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after buying an additional 81,178 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AME. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a report on Thursday, June 18th. DA Davidson restated a “buy” rating and set a $265.00 price objective on shares of AMETEK in a report on Monday, May 4th. Truist Financial increased their price objective on shares of AMETEK from $275.00 to $303.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Morgan Stanley lifted their target price on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, BMO Capital Markets started coverage on shares of AMETEK in a research note on Friday, March 27th. They set an “outperform” rating and a $253.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus target price of $256.29.

AMETEK Stock Performance

AME traded up $0.86 on Friday, reaching $233.85. 639,696 shares of the stock were exchanged, compared to its average volume of 1,119,131. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. The company’s 50-day moving average price is $231.21 and its 200 day moving average price is $225.46. The firm has a market capitalization of $53.60 billion, a PE ratio of 35.32, a PEG ratio of 3.27 and a beta of 0.99. AMETEK, Inc. has a fifty-two week low of $174.43 and a fifty-two week high of $244.71.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating 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 prior year, the company earned $1.75 earnings per share. The company’s revenue 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, sell-side analysts forecast that AMETEK, Inc. will post 8.13 EPS for the current fiscal year.

AMETEK Dividend Announcement

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