Chevy Chase Trust Holdings LLC Has $22.87 Million Position in AMETEK, Inc. $AME

Chevy Chase Trust Holdings LLC lessened its holdings in shares of AMETEK, Inc. (NYSE:AME) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 121,642 shares of the technology company’s stock after selling 4,089 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in AMETEK were worth $22,869,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AME. Sivia Capital Partners LLC bought a new position in AMETEK in the second quarter valued at approximately $295,000. AE Wealth Management LLC bought a new stake in shares of AMETEK during the second quarter worth $288,000. Los Angeles Capital Management LLC acquired a new stake in shares of AMETEK during the second quarter worth $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in AMETEK by 7.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,624 shares of the technology company’s stock valued at $10,247,000 after acquiring an additional 3,727 shares in the last quarter. Finally, Creative Planning lifted its position in AMETEK by 20.0% in the 2nd quarter. Creative Planning now owns 35,022 shares of the technology company’s stock valued at $6,338,000 after acquiring an additional 5,826 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the completion of the sale, the vice president owned 22,116 shares in the company, valued at $4,534,885.80. This trade represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

AME has been the subject of a number of research reports. Oppenheimer cut AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. Mizuho set a $235.00 price objective on AMETEK in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on AMETEK in a research report on Wednesday, January 21st. They issued a “buy” rating and a $271.00 target price on the stock. Wall Street Zen raised AMETEK from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $240.00 price target on shares of AMETEK in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.82.

AMETEK Stock Performance

Shares of NYSE AME opened at $214.53 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 1.06. The stock has a 50 day moving average price of $224.83 and a 200 day moving average price of $204.43. The stock has a market capitalization of $49.14 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.07 and a beta of 1.02. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $242.05.

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

AMETEK Increases Dividend

The company also recently declared 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%. This is an increase from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, March 16th. AMETEK’s payout ratio is currently 19.38%.

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.