Short Interest in AMETEK, Inc. (NYSE:AME) Grows By 19.1%
by Teresa Graham · The Cerbat GemAMETEK, Inc. (NYSE:AME – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 3,197,709 shares, a growth of 19.1% from the December 15th total of 2,684,353 shares. Based on an average daily trading volume, of 1,371,334 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the company’s stock are sold short. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,371,334 shares, the days-to-cover ratio is presently 2.3 days.
Insider Buying and Selling
In related news, VP Thomas M. Montgomery sold 6,388 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the completion of the sale, the vice president directly owned 22,116 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, insider Ronald J. Oscher sold 26,290 shares of AMETEK stock in a transaction on Friday, October 31st. The stock was sold at an average price of $200.05, for a total value of $5,259,314.50. Following the sale, the insider owned 40,226 shares in the company, valued at $8,047,211.30. This trade represents a 39.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,378 shares of company stock valued at $32,471,654 in the last 90 days. Insiders own 0.57% of the company’s stock.
Hedge Funds Weigh In On AMETEK
Several institutional investors and hedge funds have recently bought and sold shares of AME. Howard Capital Management Group LLC increased its stake in shares of AMETEK by 3.1% in the fourth quarter. Howard Capital Management Group LLC now owns 161,260 shares of the technology company’s stock worth $33,108,000 after buying an additional 4,793 shares during the period. Perigon Wealth Management LLC grew its holdings in AMETEK by 0.7% in the 4th quarter. Perigon Wealth Management LLC now owns 15,146 shares of the technology company’s stock worth $3,110,000 after acquiring an additional 99 shares during the last quarter. Earned Wealth Advisors LLC purchased a new position in shares of AMETEK in the fourth quarter valued at about $234,000. Compagnie Lombard Odier SCmA raised its stake in shares of AMETEK by 11.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 698,761 shares of the technology company’s stock valued at $143,463,000 after acquiring an additional 69,445 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of AMETEK during the fourth quarter worth about $589,000. 87.43% of the stock is currently owned by institutional investors.
AMETEK Price Performance
Shares of AME traded up $0.76 during midday trading on Monday, reaching $215.78. The stock had a trading volume of 1,318,561 shares, compared to its average volume of 1,032,650. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $49.67 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 2.82 and a beta of 1.04. The company’s 50-day moving average is $202.36 and its 200 day moving average is $191.33. AMETEK has a 12-month low of $145.02 and a 12-month high of $215.85.
AMETEK (NYSE:AME – Get Free Report) last issued its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.81 billion. AMETEK had a return on equity of 16.66% and a net margin of 20.50%.AMETEK’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 earnings per share. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, equities analysts predict that AMETEK will post 7.15 EPS for the current fiscal year.
AMETEK Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 5th. AMETEK’s dividend payout ratio (DPR) is 19.56%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on AME. Melius Research set a $235.00 price target on shares of AMETEK in a report on Monday, January 5th. DA Davidson raised their price target on shares of AMETEK from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Cowen raised AMETEK from a “sell” rating to a “buy” rating in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on AMETEK from $198.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and a consensus price target of $226.55.
Check Out Our Latest Research Report on AME
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.