California State Teachers Retirement System 13F: Cuts AME Stake by $2.5M

California State Teachers Retirement System Cuts AMETEK Holdings

The California State Teachers Retirement System trimmed its stake in AMETEK, Inc. (NYSE: AME) by 10,199 shares, reducing its total holdings to 387,696 shares valued at approximately $94.2 million as of May 18, 2026. This adjustment reflects a 2.6% decrease in their position, based on the stock's closing price of $242.99 on the day of the filing.

Understanding the Position Change

The California State Teachers Retirement System's reduction in shares comes as part of its ongoing portfolio management. The fund now holds 387,696 shares, down from 397,895 shares previously. The value of the remaining stake stands at about $94.2 million, calculated using the current stock price.

Institutional Activity with AMETEK

While the California State Teachers Retirement System has reduced its holdings, other funds have been actively increasing their stakes in AMETEK. For instance, on May 11, 2026, Citigroup raised its holdings by 45% to 187,180 shares worth $45.48 million. Similarly, BNP Paribas Asset Management increased its position by 4.9%, now holding 415,367 shares. These moves suggest a contrasting sentiment among institutional investors regarding AMETEK's prospects.

How AMETEK, Inc. Stock Has Traded

AMETEK shares are currently trading at $242.99, just above its 50-day moving average of $241.51. The stock has shown resilience, holding well above its 52-week low of $179.24 and nearing its high of $261.16. This performance highlights investor interest in the company, especially amid recent institutional activity.

Analysts Set New Price Targets

On October 12, 2026, Citigroup maintained a 'Neutral' rating on AMETEK with a price target of $263. Baird also kept a 'Neutral' rating with a target of $280. Meanwhile, Truist Securities and TD Cowen have 'Buy' ratings with targets of $316 and $275, respectively. The consensus recommendation among analysts is a 'Buy', with a mean price target of $278.33, indicating a generally favorable outlook for AMETEK.

What AMETEK, Inc. Does

AMETEK, Inc. specializes in manufacturing electronic instruments and electromechanical devices for various industries, including aerospace and industrial markets. This recent trimming of shares by a major retirement system does not overshadow the growing interest from other institutional investors.

What's Ahead for AMETEK, Inc.

Investors will be watching for AMETEK's next earnings report, scheduled for October 29, 2026. As the company continues to perform well, further filings and updates from institutional investors will provide insights into market sentiment and potential future movements in the stock.