Horizon Investment Services LLC Buys New Position in AMETEK, Inc. $AME

Horizon Investment Services LLC purchased a new stake in AMETEK, Inc. (NYSE:AME) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,295 shares of the technology company’s stock, valued at approximately $1,523,000.

Several other large investors have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AMETEK by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after purchasing an additional 28,621 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of AMETEK during the 4th quarter worth approximately $1,027,000. Fifth Third Bancorp boosted its stake in shares of AMETEK by 1,060.3% in the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock worth $17,781,000 after buying an additional 75,799 shares during the last quarter. Wescott Financial Advisory Group LLC purchased a new position in shares of AMETEK in the 4th quarter worth approximately $1,122,000. Finally, Investment Management Corp VA ADV bought a new position in shares of AMETEK in the fourth quarter valued at approximately $496,000. 87.43% of the stock is currently owned by institutional investors.

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of the business’s 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 sale, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

AMETEK Price Performance

AMETEK stock opened at $254.98 on Monday. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $238.97 and its 200 day simple moving average is $231.27. The company has a market cap of $58.44 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 3.26 and a beta of 0.98.

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

AMETEK Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on AME shares. Robert W. Baird set a $275.00 price target on AMETEK in a report on Wednesday, August 5th. Seaport Research Partners reaffirmed a “buy” rating and set a $290.00 target price on shares of AMETEK in a research report on Wednesday, August 5th. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Morgan Stanley boosted their price target on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Finally, Barclays increased their price target on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently 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.