Danske Bank A S Invests $68.39 Million in AMETEK, Inc. $AME

Danske Bank A S acquired a new position in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, HoldingsChannel reports. The fund acquired 282,679 shares of the technology company’s stock, valued at approximately $68,391,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of AMETEK during the second quarter worth $4,725,928,000. Norges Bank bought a new position in AMETEK during the 4th quarter worth about $831,372,000. Bank of New York Mellon Corp bought a new position in AMETEK during the 2nd quarter worth about $624,725,000. Wellington Management Group LLP raised its stake in shares of AMETEK by 302.9% in the 4th quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after purchasing an additional 2,110,818 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of AMETEK in the second quarter valued at about $304,603,000. Institutional investors own 87.43% of the company’s stock.

Insider Activity

In related news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were 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 in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

AME has been the subject of several analyst reports. Royal Bank Of Canada raised 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. Citigroup raised their price target on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. KeyCorp upped their price objective on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $290.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $266.80.

AMETEK Trading Down 1.6%

Shares of AME stock opened at $250.21 on Wednesday. The firm has a 50 day moving average price of $239.95 and a two-hundred day moving average price of $231.70. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $57.35 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

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

AMETEK Profile

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.