Citigroup Adds $14M in AMETEK, Inc. ($AME)
Citigroup raised its holdings in AMETEK, Inc. by 45%, now holding 187,180 shares valued at $45.48 million.
Key Points
- Citigroup boosted its stake in AMETEK, Inc. by 45.2%, adding 58,261 shares to reach a total of 187,180 shares worth $45.48 million.
- AMETEK shares traded near $242.99 on Wednesday with a P/E ratio of 36.49 and a market cap of approximately $55.45 billion.
- Analysts such as Truist Securities and DA Davidson maintain a 'buy' rating with price targets of $275 and $265 respectively.
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Citigroup has increased its stake in AMETEK, Inc. (NYSE:AME), adding 58,261 shares for a 45.2% boost. This brings its total holdings to 187,180 shares, valued at approximately $45.48 million as of the latest 13F filing with the SEC, reflecting the position as of the end of the reporting period.
Citigroup vs. the S&P 500
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What Changed in Citigroup's AMETEK Position
Citigroup significantly increased its investment in AMETEK, raising its holdings by 45.2%. The fund added 58,261 shares, bringing its total to 187,180 shares worth about $45.48 million. This marks a strong vote of confidence in the company during the reporting period.
Other Institutional Activity in AMETEK
Looking at other institutional investors, BlackRock, Inc. trimmed its position by 824,909 shares, holding about 18,828,257 shares valued at $4.04 billion. Vanguard Capital Management LLC opened a new position with 14,926,515 shares, worth approximately $3.20 billion. State Street Corp increased its stake by 127,524 shares, totaling 10,083,885 shares with a value of $2.16 billion. Meanwhile, Price T Rowe Associates Inc reduced its holdings by 967,516 shares, now owning 6,924,498 shares valued at $1.48 billion.
AMETEK, Inc. Stock Up 2.9%
Shares of AMETEK, Inc. (NYSE:AME) traded near $242.99 on Wednesday. The company has a market capitalization of around $55.45 billion and a P/E ratio of 36.49. It has a 52-week low of $174.43 and a high of $244.71. The 50-day moving average is $230.79, while the 200-day moving average is $213.39. AMETEK maintains a current ratio of 1.14 and a quick ratio of 0.61, with a debt-to-equity ratio of 22.49.
$AME stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, AMETEK posted revenue of $7.60 billion, reflecting a growth rate of 11.3%. The company's net margin was 20.1%, and its return on equity stood at 14.6%. Looking ahead, AMETEK is scheduled to announce its next earnings on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 2.5%. Revenue met estimates.
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Profit surprise
EBITDA met by 1 percent. Operating income met by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 1.1 points. Positive free cash flow.
Earnings Call Summary
The company reported first quarter revenue of $1.93 billion, up 11 percent, with earnings per share of $1.97, beating guidance of $1.85 to $1.90. Orders jumped 23 percent to a record $2.2 billion, with backlog reaching $3.87 billion. Core operating margins expanded 160 basis points to 27.9 percent, driven by EMG margin growth of 410 basis points and strong execution across all divisions. The company acquired First Aviation Services for defense aftermarket expansion and has $5 billion plus in available capital for M&A while maintaining investment-grade rating.
Guidance AMETEK raised full year earnings to $7.94 to $8.14 per share, up 7 to 10 percent from last year. Second quarter expected at $1.96 to $2 per share. Sales forecast for 2026 remains high single digit growth with mid-single digit organic growth, reflecting strong orders momentum into the year.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
AMETEK pays an annual dividend of $1.36 per share, yielding 0.56%. The dividend payout ratio is 19.18%, providing a modest income stream for shareholders.
Insider Buying and Selling at AMETEK, Inc.
Recent insider activity at AMETEK included Chief Administrative Officer Ronald Oscher purchasing and selling 39,954 shares on May 27, 2026. Additionally, Nick Stanage acquired 760 shares at an average price of $234.73 on May 7, 2026. Thomas Amato sold 530 shares at $216.78 on March 24, 2026.
Analysts Set New Price Targets
On June 15, 2026, Citigroup initiated coverage on AMETEK with a 'hold' rating and a $257 price target. On May 4, 2026, Truist Securities reiterated a 'buy' rating with a target of $275, and DA Davidson maintained a 'buy' with a $265 target. The consensus among analysts is a 'buy' with an average price target of $260.58, based on 19 opinions.
About AMETEK, Inc.
AMETEK, Inc. is a leading manufacturer of electronic instruments and electromechanical devices. Based in Berwyn, Pennsylvania, the company operates through its Electronic Instruments Group and Electromechanical Group segments. It serves diverse markets, including aerospace, power, industrial, and medical. Led by CEO David A. Zapico, AMETEK employs around 22,500 people globally.
Bottom Line
Citigroup's decision to boost its stake in AMETEK, Inc. by 45% underscores its confidence in the company's potential. Investors track such moves to gauge institutional sentiment, although it's important to remember that 13F filings are backward-looking. AMETEK continues to perform strongly, backed by solid earnings and positive analyst ratings.
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