TimesSquare Capital Management LLC Reduces Stock Position in AMETEK, Inc. $AME

TimesSquare Capital Management LLC lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 248,055 shares of the technology company’s stock after selling 11,882 shares during the period. TimesSquare Capital Management LLC’s holdings in AMETEK were worth $46,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AME. KBC Group NV boosted its holdings in AMETEK by 3.2% during the 2nd quarter. KBC Group NV now owns 289,634 shares of the technology company’s stock valued at $52,412,000 after acquiring an additional 9,063 shares during the period. Principal Financial Group Inc. increased its stake in AMETEK by 4.9% during the third quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company’s stock worth $384,096,000 after purchasing an additional 94,645 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AMETEK by 22.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company’s stock worth $7,116,000 after purchasing an additional 6,911 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of AMETEK by 246.0% in the third quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock valued at $17,344,000 after purchasing an additional 65,537 shares during the period. Finally, Valley National Advisers Inc. acquired a new position in shares of AMETEK in the third quarter valued at approximately $2,061,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Trading Up 0.5%

NYSE:AME opened at $229.76 on Friday. The company has a market capitalization of $52.89 billion, a PE ratio of 35.90, a P/E/G ratio of 3.28 and a beta of 1.03. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $239.94. The stock’s 50 day moving average price is $214.39 and its 200 day moving average price is $197.62. The company has a quick ratio of 0.67, a current ratio of 1.06 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.07. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. On average, research analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from AMETEK’s previous quarterly dividend of $0.31. AMETEK’s payout ratio is 19.38%.

Insider Buying and Selling at AMETEK

In other news, insider Thomas C. Marecic sold 14,310 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $202.11, for a total value of $2,892,194.10. Following the completion of the sale, the insider directly owned 42,589 shares of the company’s stock, valued at approximately $8,607,662.79. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Zapico sold 88,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $196.39, for a total value of $17,282,320.00. Following the transaction, the chief executive officer directly owned 348,955 shares in the company, valued at approximately $68,531,272.45. This represents a 20.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 137,088 shares of company stock worth $27,212,340. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AME. Barclays increased their target price on shares of AMETEK from $210.00 to $220.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer cut AMETEK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft started coverage on AMETEK in a research report on Wednesday, January 21st. They issued a “buy” rating and a $271.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $257.00 target price on shares of AMETEK in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.00.

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.