Citigroup Inc. Has $30.26 Million Holdings in AMETEK, Inc. $AME

Citigroup Inc. reduced its stake in AMETEK, Inc. (NYSE:AME) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,950 shares of the technology company’s stock after selling 38,802 shares during the period. Citigroup Inc. owned approximately 0.07% of AMETEK worth $30,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV boosted its position in AMETEK by 3.2% in the second quarter. KBC Group NV now owns 289,634 shares of the technology company’s stock valued at $52,412,000 after buying an additional 9,063 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of AMETEK by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company’s stock valued at $384,096,000 after acquiring an additional 94,645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of AMETEK by 22.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company’s stock valued at $7,116,000 after acquiring an additional 6,911 shares in the last quarter. Nordea Investment Management AB grew its position in AMETEK by 246.0% during the 3rd quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock worth $17,344,000 after acquiring an additional 65,537 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in AMETEK in the 3rd quarter worth about $118,311,000. Institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In related news, VP Thomas M. Montgomery sold 6,388 shares of the stock in a transaction 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 of the company’s stock, valued at $4,534,885.80. This represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David A. Zapico sold 28,390 shares of AMETEK stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.76, for a total transaction of $5,727,966.40. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 49,088 shares of company stock worth $9,930,020. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AME. Oppenheimer lowered AMETEK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 27th. Wall Street Zen raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Sunday. DA Davidson reaffirmed a “buy” rating and set a $240.00 price target on shares of AMETEK in a research note on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $257.00 price target on shares of AMETEK in a report on Wednesday, February 4th. Finally, KeyCorp increased their price objective on AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

AMETEK Trading Down 1.6%

NYSE:AME opened at $233.15 on Thursday. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $239.94. The firm’s fifty day moving average is $219.56 and its 200-day moving average is $200.43. The firm has a market cap of $53.39 billion, a P/E ratio of 36.43, a P/E/G ratio of 3.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 1.06.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. AMETEK’s revenue for the quarter was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Equities analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. This is a boost from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, March 16th. AMETEK’s payout ratio is presently 19.38%.

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.