Alecta Tjanstepension Omsesidigt Sells 502,000 Shares of AMETEK, Inc. $AME

Alecta Tjanstepension Omsesidigt lessened its holdings in shares of AMETEK, Inc. (NYSE:AME) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,721,965 shares of the technology company’s stock after selling 502,000 shares during the period. AMETEK accounts for 1.4% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 20th biggest holding. Alecta Tjanstepension Omsesidigt owned about 0.75% of AMETEK worth $323,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AME. Norges Bank bought a new stake in shares of AMETEK in the 2nd quarter valued at about $650,613,000. Amundi raised its position in shares of AMETEK by 266.1% during the second quarter. Amundi now owns 1,512,966 shares of the technology company’s stock worth $275,345,000 after acquiring an additional 1,099,748 shares during the last quarter. Invesco Ltd. lifted its stake in shares of AMETEK by 22.3% in the second quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock worth $769,890,000 after acquiring an additional 775,078 shares during the period. Lazard Asset Management LLC lifted its stake in shares of AMETEK by 35.7% in the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after acquiring an additional 695,419 shares during the period. Finally, Man Group plc boosted its holdings in AMETEK by 411.8% in the third quarter. Man Group plc now owns 785,020 shares of the technology company’s stock valued at $147,584,000 after acquiring an additional 631,649 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

AME opened at $212.47 on Thursday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $242.05. The company has a market cap of $48.67 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.08 and a beta of 1.02. The company’s fifty day moving average price is $224.88 and its two-hundred day moving average price is $204.70. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company earned $1.87 earnings per share. The business’s revenue 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. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend 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 dividend payout ratio (DPR) is currently 21.25%.

Analysts Set New Price Targets

A number of analysts have weighed in on AME shares. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Oppenheimer cut shares of AMETEK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 27th. Wall Street Zen raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Barclays boosted their target price on shares of AMETEK from $210.00 to $220.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.82.

Insider Buying and Selling at AMETEK

In related news, VP Thomas M. Montgomery sold 6,388 shares of AMETEK stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the transaction, the vice president owned 22,116 shares of the company’s stock, valued at $4,534,885.80. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by corporate insiders.

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.