Rep. Robert Bresnahan, Jr. Sells AMETEK, Inc. (NYSE:AME) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of AMETEK, Inc. NYSE: AME. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in AMETEK stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

AMETEK Price Performance

AME traded up $1.48 during midday trading on Tuesday, hitting $180.86. 249,489 shares of the company traded hands, compared to its average volume of 1,394,316. The business has a 50 day simple moving average of $168.40 and a two-hundred day simple moving average of $179.65. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a market capitalization of $41.76 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.73 and a beta of 1.12. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.06. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $1.64 EPS. AMETEK's quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's payout ratio is currently 20.29%.

AMETEK declared that its board has authorized a share buyback program on Friday, February 7th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On AMETEK

Several large investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. raised its position in AMETEK by 7.8% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 47,966 shares of the technology company's stock valued at $8,257,000 after purchasing an additional 3,479 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AMETEK in the 1st quarter valued at $59,000. National Pension Service raised its holdings in shares of AMETEK by 11.1% in the 1st quarter. National Pension Service now owns 303,672 shares of the technology company's stock valued at $52,274,000 after buying an additional 30,303 shares during the period. LGT Group Foundation boosted its holdings in AMETEK by 18.9% during the 1st quarter. LGT Group Foundation now owns 122,068 shares of the technology company's stock valued at $21,013,000 after acquiring an additional 19,368 shares during the period. Finally, LGT Fund Management Co Ltd. grew its position in AMETEK by 13.9% in the 1st quarter. LGT Fund Management Co Ltd. now owns 32,000 shares of the technology company's stock valued at $5,508,000 after acquiring an additional 3,905 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AME shares. BNP Paribas raised shares of AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 price target on the stock in a research note on Thursday, January 16th. Royal Bank of Canada raised their target price on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Robert W. Baird lowered their price target on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Truist Financial raised their price objective on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $196.90.

Insiders Place Their Bets

In related news, Director Thomas A. Amato sold 710 shares of AMETEK stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total value of $125,414.40. Following the completion of the transaction, the director now directly owns 10,560 shares in the company, valued at approximately $1,865,318.40. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the completion of the sale, the director now directly owns 22,029 shares in the company, valued at $4,172,512.89. This represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.57% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About AMETEK

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.