Franklin Resources Inc. Sells 433,681 Shares of AMETEK, Inc. $AME
Franklin Resources Inc. significantly reduced its stake in AMETEK, Inc. (NYSE:AME) by selling 433,681 shares, representing a 24.5% cut, bringing their total ownership to 1,335,389 shares valued at $274.17 million. This move comes amidst other institutional investors either buying or selling smaller stakes in AMETEK, which currently holds a "Moderate Buy" rating from analysts with an average target price of $252.33. Additionally, a company director recently sold 530 shares, decreasing insider ownership, while AMETEK announced a quarterly dividend of $0.34 per share.
https://www.marketbeat.com/instant-alerts/filing-franklin-resources-inc-sells-433681-shares-of-ametek-inc-ame-2026-06-10/