AMETEK, Inc. $AME Stock Position Reduced by California Public Employees Retirement System

Key Points

• California Public Employees Retirement System reduced its AMETEK stake by 7% in the first quarter, selling 30,304 shares and leaving it with 401,034 shares valued at about $85.97 million.
• AMETEK reported strong quarterly results, with EPS of $1.97 beating estimates and revenue of $1.93 billion topping expectations; revenue rose 11.3% year over year.
• Wall Street remains generally positive, with a consensus Moderate Buy rating and an average price target of $256.29, even though one firm recently downgraded the stock to hold.

California Public Employees Retirement System decreased its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 401,034 shares of the technology company's stock after selling 30,304 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of AMETEK worth $85,966,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Florida Financial Advisors LLC lifted its holdings in shares of AMETEK by 2.2% during the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company's stock valued at $406,000 after buying an additional 43 shares during the last quarter. Plato Investment Management Ltd raised its position in AMETEK by 0.4% during the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company's stock valued at $2,218,000 after acquiring an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC raised its position in AMETEK by 4.0% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company's stock valued at $257,000 after acquiring an additional 48 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in AMETEK by 6.2% in the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company's stock valued at $175,000 after acquiring an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock worth $69,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Trading Down 0.1%

AMETEK stock opened at $236.66 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $231.11 and a two-hundred day moving average price of $226.52. AMETEK, Inc. has a 12 month low of $175.61 and a 12 month high of $244.71. The stock has a market cap of $54.24 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 3.32 and a beta of 0.99.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $1.75 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. As a group, equities analysts forecast that AMETEK, Inc. will post 8.14 EPS for the current year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.34 per share. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK's dividend payout ratio is 20.54%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AME. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Wall Street Zen downgraded shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Truist Financial raised their target price on AMETEK from $275.00 to $303.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. DA Davidson reiterated a "buy" rating and set a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their price objective on AMETEK from $259.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.29.

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.

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