Corebridge Financial Inc. Sells 1,906 Shares of AMETEK, Inc. $AME

Key Points

• Corebridge Financial Inc. reduced its stake in AMETEK, Inc. by 3.4% during the first quarter, now holding 54,672 shares valued at approximately $9.41 million.
• AMETEK reported quarterly earnings of $1.78 per share, exceeding analyst expectations, and forecasting EPS guidance of 1.720-1.760 for Q3 2025.
• The company announced a quarterly dividend of $0.31 per share to be paid on September 30th, representing an annual yield of 0.7% with a payout ratio of 19.97%.

Corebridge Financial Inc. reduced its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 54,672 shares of the technology company's stock after selling 1,906 shares during the period. Corebridge Financial Inc.'s holdings in AMETEK were worth $9,411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of AMETEK by 1.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,789,871 shares of the technology company's stock valued at $308,108,000 after acquiring an additional 28,559 shares during the last quarter. Comerica Bank lifted its position in shares of AMETEK by 16.1% during the first quarter. Comerica Bank now owns 69,259 shares of the technology company's stock worth $11,922,000 after acquiring an additional 9,584 shares in the last quarter. Walleye Capital LLC lifted its position in shares of AMETEK by 64.4% during the first quarter. Walleye Capital LLC now owns 3,695 shares of the technology company's stock worth $636,000 after acquiring an additional 1,447 shares in the last quarter. ICONIQ Capital LLC lifted its position in shares of AMETEK by 24.1% during the first quarter. ICONIQ Capital LLC now owns 1,478 shares of the technology company's stock worth $254,000 after acquiring an additional 287 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of AMETEK by 462.4% during the first quarter. Jump Financial LLC now owns 70,256 shares of the technology company's stock worth $12,094,000 after acquiring an additional 57,763 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Stock Performance

AME traded down $2.02 during mid-day trading on Friday, reaching $184.71. 809,674 shares of the company traded hands, compared to its average volume of 1,228,306. 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 $42.66 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.66 and a beta of 1.10. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company's fifty day moving average price is $181.97 and its 200-day moving average price is $177.03.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the firm earned $1.66 EPS. AMETEK's revenue for the quarter was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, sell-side analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. KeyCorp raised their price objective on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Melius cut AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Monday, July 14th. DA Davidson boosted their price target on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Mizuho boosted 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. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $208.00.

AMETEK Profile

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.