Lazard Asset Management LLC Raises Position in AMETEK, Inc. $AME

Lazard Asset Management LLC lifted its position in AMETEK, Inc. (NYSE:AME) by 4.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,618,526 shares of the technology company’s stock after acquiring an additional 70,693 shares during the period. Lazard Asset Management LLC’s holdings in AMETEK were worth $346,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AME. Darwin Wealth Management LLC purchased a new position in AMETEK in the 2nd quarter worth approximately $25,000. CoreCap Advisors LLC boosted its stake in AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. MV Capital Management Inc. purchased a new stake in AMETEK during the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. increased its holdings in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after purchasing an additional 123 shares in the last quarter. Finally, BOKF NA raised its stake in shares of AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

NYSE AME opened at $242.10 on Monday. The business’s fifty day moving average price is $231.91 and its 200-day moving average price is $227.62. The stock has a market capitalization of $55.49 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 3.39 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 1-year low of $175.61 and a 1-year high of $244.71.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.AMETEK’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, equities analysts predict that AMETEK, Inc. will post 8.14 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently declared 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 dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. AMETEK’s payout ratio is currently 20.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AME shares. Barclays upped their price target on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Citigroup started coverage on shares of AMETEK in a research note on Monday, June 15th. They set a “neutral” rating and a $257.00 target price on the stock. Truist Financial raised their price target on shares of AMETEK from $275.00 to $303.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Morgan Stanley lifted their price target on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average price target 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.