Sumitomo Mitsui Trust Group Inc. Sells 28,415 Shares of AMETEK, Inc. $AME

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of AMETEK, Inc. (NYSE:AME) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 498,704 shares of the technology company’s stock after selling 28,415 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AMETEK were worth $106,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AME. 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 valued at $26,000 after buying an additional 59 shares in the last quarter. MV Capital Management Inc. purchased a new stake in AMETEK in the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. grew its position in AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares during the last quarter. Darwin Wealth Management LLC bought a new position in AMETEK during the second quarter valued at approximately $25,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of AMETEK by 393.1% during the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Trading Up 0.4%

AMETEK stock traded up $0.86 during trading hours on Friday, reaching $233.85. The stock had a trading volume of 639,696 shares, compared to its average volume of 1,119,131. The company has a fifty day simple moving average of $231.21 and a 200-day simple moving average of $225.46. AMETEK, Inc. has a 52 week low of $174.43 and a 52 week high of $244.71. The stock has a market cap of $53.60 billion, a PE ratio of 35.32, a PEG ratio of 3.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72.

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

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.34 dividend. 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 (DPR) is 20.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AME shares. DA Davidson reaffirmed a “buy” rating and set a $265.00 target price on shares of AMETEK in a report on Monday, May 4th. BMO Capital Markets started coverage on shares of AMETEK in a research report on Friday, March 27th. They set an “outperform” rating and a $253.00 price target for the company. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Finally, Mizuho set a $270.00 target price on AMETEK in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.29.

About AMETEK

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.