King Luther Capital Management Corp Increases Holdings in AMETEK, Inc. $AME

Key Points

• King Luther Capital Management increased its AMETEK stake by 10.2% in the fourth quarter, buying 12,124 additional shares and bringing its total position to 131,358 shares valued at about $27.0 million.
• AMETEK reported better-than-expected quarterly results, with EPS of $1.97 versus the $1.90 consensus and revenue of $1.93 billion versus $1.91 billion expected, while revenue rose 11.3% year over year.
• Analysts remain broadly positive on the stock, with a Moderate Buy consensus and an average price target of $252.33; AMETEK also declared a quarterly dividend of $0.34 per share.

King Luther Capital Management Corp grew its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,358 shares of the technology company's stock after purchasing an additional 12,124 shares during the quarter. King Luther Capital Management Corp owned approximately 0.06% of AMETEK worth $26,969,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of AMETEK by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 27,173,705 shares of the technology company's stock valued at $5,108,657,000 after purchasing an additional 176,040 shares during the last quarter. State Street Corp increased its position in shares of AMETEK by 1.3% during the 3rd quarter. State Street Corp now owns 9,763,684 shares of the technology company's stock valued at $1,835,573,000 after purchasing an additional 126,381 shares during the last quarter. Invesco Ltd. increased its position in shares of AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company's stock valued at $839,141,000 after purchasing an additional 209,043 shares during the last quarter. Flossbach Von Storch SE lifted its position in shares of AMETEK by 1.0% during the 4th quarter. Flossbach Von Storch SE now owns 3,820,376 shares of the technology company's stock valued at $784,361,000 after buying an additional 36,535 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of AMETEK by 35.7% during the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company's stock valued at $497,444,000 after buying an additional 695,419 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on AME shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of AMETEK in a research report on Wednesday, May 20th. Morgan Stanley upped their price target on AMETEK from $215.00 to $235.00 and gave the company an "equal weight" rating in a research report on Thursday, March 12th. DA Davidson reaffirmed a "buy" rating and set a $265.00 price target on shares of AMETEK in a research report on Monday, May 4th. KeyCorp upped their price target on AMETEK from $235.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. Finally, TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, AMETEK has a consensus rating of "Moderate Buy" and an average target price of $252.33.

AMETEK Stock Performance

Shares of AME opened at $226.38 on Thursday. The stock's 50-day simple moving average is $225.70 and its 200 day simple moving average is $217.83. The stock has a market capitalization of $51.89 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 3.22 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. AMETEK, Inc. has a 52-week low of $174.43 and a 52-week high of $243.18.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.07. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Research analysts forecast that AMETEK, Inc. will post 8.13 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK's dividend payout ratio is 20.54%.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 530 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director owned 4,480 shares of the company's stock, valued at approximately $971,174.40. This represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

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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