Ascent Group LLC Sells 8,895 Shares of AMETEK, Inc. $AME

Ascent Group LLC trimmed its holdings in AMETEK, Inc. (NYSE:AME) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,239 shares of the technology company’s stock after selling 8,895 shares during the quarter. Ascent Group LLC’s holdings in AMETEK were worth $7,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Darwin Wealth Management LLC bought a new stake in AMETEK in the 2nd quarter valued at $25,000. Bares Capital Management Inc. bought a new stake in shares of AMETEK in the first quarter valued at about $26,000. ST Germain D J Co. Inc. grew its position in AMETEK by 628.6% during the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock worth $28,000 after buying an additional 132 shares in the last quarter. NewSquare Capital LLC increased its stake in AMETEK by 129.7% during the second quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock valued at $31,000 after acquiring an additional 96 shares during the period. Finally, SouthState Corp raised its holdings in AMETEK by 47.4% in the 2nd quarter. SouthState Corp now owns 202 shares of the technology company’s stock valued at $37,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. KeyCorp lifted their price objective on AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. DA Davidson lifted their price target on shares of AMETEK from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Cowen upgraded shares of AMETEK from a “sell” rating to a “buy” rating in a research note on Tuesday, December 23rd. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada increased their price target on shares of AMETEK from $212.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $216.55.

Insider Activity at AMETEK

In other news, VP Thomas M. Montgomery sold 6,388 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the transaction, the vice president directly owned 22,116 shares in the company, valued at approximately $4,534,885.80. This represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas C. Marecic sold 14,310 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $202.11, for a total transaction of $2,892,194.10. Following the sale, the insider directly owned 42,589 shares in the company, valued at $8,607,662.79. This trade represents a 25.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 163,378 shares of company stock worth $32,471,654 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

AMETEK Price Performance

Shares of AMETEK stock opened at $207.00 on Wednesday. The stock has a market capitalization of $47.65 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.97 and a beta of 1.04. The firm’s 50-day moving average price is $197.67 and its two-hundred day moving average price is $188.42. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $210.14.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. AMETEK had a return on equity of 16.66% and a net margin of 20.50%.The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.66 EPS. AMETEK’s revenue was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, equities analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.31 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is 19.56%.

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.