Principal Financial Group Inc. Lowers Position in AMETEK, Inc. $AME

Principal Financial Group Inc. lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 12.7% during the first quarter, HoldingsChannel.com reports. The firm owned 1,778,484 shares of the technology company’s stock after selling 259,099 shares during the period. Principal Financial Group Inc.’s holdings in AMETEK were worth $381,244,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in shares of AMETEK in the 2nd quarter worth $25,000. CoreCap Advisors LLC grew its position in AMETEK by 84.3% during 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 period. MV Capital Management Inc. acquired a new stake in AMETEK during the fourth quarter worth about $28,000. Brown Lisle Cummings Inc. increased its stake in AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, 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. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays boosted their target price on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Truist Financial lifted their price target 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. Royal Bank Of Canada boosted their price objective on shares of AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a report on Thursday, June 18th. Finally, Mizuho set a $270.00 price target on AMETEK in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.29.

AMETEK Stock Down 0.8%

NYSE AME opened at $232.05 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a fifty-two week low of $174.43 and a fifty-two week high of $244.71. The business has a 50 day moving average price of $231.13 and a two-hundred day moving average price of $225.76. The stock has a market cap of $53.19 billion, a PE ratio of 35.05, a P/E/G ratio of 3.28 and a beta of 0.99.

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

AMETEK Announces Dividend

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

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.