Kornitzer Capital Management Inc. KS Decreases Stake in AMETEK, Inc. $AME

Key Points

• AMETEK reported record Q1, beating EPS ($1.97 vs. $1.90) and revenue estimates, raised FY 2026 EPS guidance to $7.94–$8.14, raised its organic sales outlook and increased the quarterly dividend to $0.34.
• Kornitzer Capital cut its stake 15.9%, selling 12,000 shares to hold 63,275 shares worth about $12.99 million at quarter-end, and insider Director Thomas Amato also sold shares, indicating some insider/institutional selling.
• Analysts remain broadly positive — AMETEK’s consensus rating is a "Moderate Buy" with an average target of $248.58 — and the company is pursuing M&A with the agreement to acquire First Aviation Services, which could support aftermarket and margin growth.

Kornitzer Capital Management Inc. KS lowered its position in AMETEK, Inc. (NYSE:AME - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 63,275 shares of the technology company's stock after selling 12,000 shares during the period. Kornitzer Capital Management Inc. KS's holdings in AMETEK were worth $12,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of AMETEK during the 2nd quarter worth $25,000. CoreCap Advisors LLC raised its holdings in shares of AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company's stock worth $26,000 after acquiring an additional 59 shares during the period. TruNorth Capital Management LLC purchased a new position in shares of AMETEK during the 3rd quarter worth $31,000. Flagship Harbor Advisors LLC purchased a new position in shares of AMETEK during the 4th quarter worth $32,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of AMETEK during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AME. Royal Bank Of Canada lifted their price target on AMETEK from $259.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday. Oppenheimer lowered AMETEK from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 27th. KeyCorp lifted their price target on AMETEK from $235.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, February 4th. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft began coverage on AMETEK in a report on Wednesday, January 21st. They set a "buy" rating and a $271.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $248.58.

AMETEK Stock Down 2.3%

Shares of NYSE:AME opened at $230.00 on Friday. The business has a 50-day moving average price of $225.56 and a 200 day moving average price of $212.81. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $52.69 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 3.39 and a beta of 1.03. AMETEK, Inc. has a 12-month low of $167.75 and a 12-month high of $242.05.

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 firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $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. Sell-side analysts expect that AMETEK, Inc. will post 8.03 EPS for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from AMETEK's previous quarterly dividend of $0.31. AMETEK's dividend payout ratio is 21.25%.

Key Stories Impacting AMETEK

Here are the key news stories impacting AMETEK this week:

• Positive Sentiment: Company reported record Q1 results with EPS of $1.97 and revenue of $1.93B, beating estimates and showing double‑digit revenue growth — evidence of continued demand across segments. AMETEK Announces Record First Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Royal Bank of Canada raised its price target to $260 and keeps an “outperform” rating, signaling analyst confidence and implying meaningful upside from current levels. Benzinga
• Positive Sentiment: AMETEK agreed to acquire First Aviation Services, adding defense/aviation MRO capability and proprietary components that can support margin and aftermarket growth in a mission‑critical vertical. AMETEK Announces Agreement to Acquire First Aviation Services
• Positive Sentiment: Management reiterated FY 2026 EPS guidance ( $7.94–$8.14 ) and raised its organic sales outlook to mid‑single digits, indicating confidence in underlying demand even as margins and currency/headwinds are monitored. Ametek forecasts 2026 EPS of $7.94 to $8.14 while raising organic sales outlook to mid-single digits
• Neutral Sentiment: Full earnings materials and the call transcript are available for detail on segment trends and backlog; these documents will matter for modeling but don’t change the headline beat. AMETEK, Inc. (AME) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Market commentary highlights AMETEK’s momentum in the NYSE landscape and investor interest, but these pieces are descriptive rather than news catalysts. AMETEK Momentum Builds Strength In NYSE Composite Landscape
• Negative Sentiment: Although management raised its outlook, the FY EPS range sits slightly below some sell‑side consensus (and Q2 guidance is roughly in line/slightly under estimates), which can prompt profit‑taking given AME’s premium multiple. AMETEK Q1 Earnings Surpass Expectations, Revenues Rise Y/Y
• Negative Sentiment: Reports that AMETEK is in talks for a multibillion‑dollar acquisition (CD&R‑owned assets) add uncertainty around deal size, timing and financing—a potential headwind to near‑term sentiment. Main Line company explores multibillion-dollar acquisition, report says

Insider Activity

In related news, Director Thomas A. Amato sold 530 shares of the firm's 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 completion of the sale, the director directly owned 4,480 shares of the company's stock, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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