Handelsbanken Fonder AB Sells 14,484 Shares of AMETEK, Inc. $AME

Handelsbanken Fonder AB decreased its position in shares of AMETEK, Inc. (NYSE:AME) by 25.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,223 shares of the technology company’s stock after selling 14,484 shares during the quarter. Handelsbanken Fonder AB’s holdings in AMETEK were worth $10,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AME. Norges Bank bought a new position in shares of AMETEK during the fourth quarter valued at approximately $831,372,000. Wellington Management Group LLP raised its holdings in AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after purchasing an additional 2,110,818 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of AMETEK by 539.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock valued at $219,796,000 after buying an additional 903,061 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of AMETEK by 35.7% in the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock valued at $497,444,000 after buying an additional 695,419 shares in the last quarter. Finally, Man Group plc boosted its holdings in shares of AMETEK by 411.8% in the 3rd quarter. Man Group plc now owns 785,020 shares of the technology company’s stock valued at $147,584,000 after buying an additional 631,649 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider David F. Hermance sold 6,608 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the transaction, the insider directly owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

AMETEK Stock Down 0.9%

NYSE:AME opened at $256.29 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The company has a market cap of $58.74 billion, a PE ratio of 37.47, a P/E/G ratio of 3.30 and a beta of 0.98. The company’s 50 day moving average is $238.41 and its two-hundred day moving average is $231.02.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Analysts anticipate that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. AMETEK’s payout ratio is currently 19.88%.

Analyst Ratings Changes

AME has been the subject of several recent analyst reports. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Seaport Research Partners reaffirmed a “buy” rating and set a $290.00 price target on shares of AMETEK in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. DA Davidson raised their price objective on AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley boosted their target price on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.80.

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.