AMETEK, Inc. $AME Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in AMETEK, Inc. (NYSE:AME) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,198 shares of the technology company’s stock after selling 3,018 shares during the period. Truist Financial Corp’s holdings in AMETEK were worth $6,189,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AME. NBC Securities Inc. increased its holdings in shares of AMETEK by 101,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,016 shares of the technology company’s stock worth $174,000 after acquiring an additional 1,015 shares during the period. Procyon Advisors LLC increased its stake in shares of AMETEK by 6.4% in the first quarter. Procyon Advisors LLC now owns 2,283 shares of the technology company’s stock valued at $393,000 after purchasing an additional 137 shares during the period. Gateway Investment Advisers LLC increased its stake in shares of AMETEK by 3.5% in the first quarter. Gateway Investment Advisers LLC now owns 8,656 shares of the technology company’s stock valued at $1,490,000 after purchasing an additional 296 shares during the period. Wedmont Private Capital increased its position in AMETEK by 7.5% in the 1st quarter. Wedmont Private Capital now owns 4,061 shares of the technology company’s stock valued at $646,000 after acquiring an additional 284 shares during the period. Finally, UMB Bank n.a. increased its position in AMETEK by 19.7% in the 1st quarter. UMB Bank n.a. now owns 552 shares of the technology company’s stock valued at $95,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of NYSE AME opened at $183.19 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $42.31 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.64 and a beta of 1.11. The stock’s fifty day simple moving average is $185.50 and its 200 day simple moving average is $177.82. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.AMETEK’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is 19.97%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AME shares. Royal Bank Of Canada raised their target price on AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Mizuho raised their price target on AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Robert W. Baird raised their target price on shares of AMETEK from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. TD Cowen raised shares of AMETEK from a “sell” rating to a “hold” rating and raised their target price for the company from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Finally, DA Davidson raised their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.00.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.