Primecap Management Co. CA Makes New Investment in AMETEK, Inc. $AME

Primecap Management Co. CA purchased a new stake in AMETEK, Inc. (NYSE:AME) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 823,154 shares of the technology company’s stock, valued at approximately $199,154,000. Primecap Management Co. CA owned approximately 0.36% of AMETEK at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new stake in AMETEK in the second quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in AMETEK during the 2nd quarter worth approximately $25,000. Fiduciary Financial Advisors acquired a new position in AMETEK during the 2nd quarter worth approximately $27,000. MV Capital Management Inc. purchased a new stake in shares of AMETEK in the 4th quarter valued at approximately $28,000. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Price Performance

Shares of AME opened at $241.83 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16. The firm has a 50-day simple moving average of $241.33 and a 200-day simple moving average of $232.21. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.98.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.78 EPS. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, equities research analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is presently 19.88%.

Wall Street Analyst Weigh In

AME has been the subject of a number of analyst reports. Barclays boosted their target price on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. DA Davidson raised their price target on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. Rothschild & Co Redburn set a $265.00 price objective on AMETEK in a report on Thursday, June 18th. Finally, Robert W. Baird set a $275.00 target price on AMETEK in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.80.

Insider Activity

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

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.