TD Waterhouse Canada Inc. Increases Holdings in AMETEK, Inc. $AME

TD Waterhouse Canada Inc. grew its holdings in AMETEK, Inc. (NYSE:AME) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,773 shares of the technology company’s stock after buying an additional 3,232 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in AMETEK were worth $2,556,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in AMETEK in the second quarter worth $25,000. Fiduciary Financial Advisors purchased a new position in AMETEK during the 2nd quarter valued at $27,000. Elevation Wealth Partners LLC raised its holdings in AMETEK by 239.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares in the last quarter. MV Capital Management Inc. bought a new position in AMETEK in the 4th quarter worth $28,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of AMETEK by 878.6% during 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 hedge funds and other institutional investors.

Insider Transactions at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred on 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 completion of the sale, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BNP Paribas Exane increased their price target on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. KeyCorp lifted their price objective on AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Truist Financial upped their target price on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen reiterated a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. Finally, Robert W. Baird set a $275.00 price objective on shares of AMETEK in a research note 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 issued a Hold rating to the company. Based on data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $266.80.

AMETEK Stock Up 0.0%

AME stock opened at $237.80 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. The stock has a market capitalization of $54.50 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.04 and a beta of 0.99. The business has a fifty day moving average price of $241.37 and a 200-day moving average price of $232.55.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.AMETEK’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities analysts forecast that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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

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.