Commerce Bank bought a new stake in AMETEK, Inc. (NYSE:AME – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 84,665 shares of the technology company’s stock, valued at approximately $20,484,000.
Several other large investors have also recently made changes to their positions in AME. Sivia Capital Partners LLC acquired a new position in AMETEK during the second quarter worth $295,000. Baird Financial Group Inc. boosted its holdings in AMETEK by 16.1% in the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after buying an additional 2,323 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in AMETEK by 65.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after buying an additional 1,555 shares during the last quarter. Sei Investments Co. increased its stake in AMETEK by 38.2% during the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after buying an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of AMETEK by 105.3% during the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after acquiring an additional 81,178 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on AME. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research report on Thursday, June 18th. Citigroup raised their price objective on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research 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 note on Wednesday, August 5th. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Robert W. Baird set a $275.00 price target on shares of AMETEK in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.80.
Insider Activity
In related news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction on 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 completion of the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.
AMETEK Trading Up 0.2%
Shares of AME stock opened at $239.67 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The firm has a market cap of $54.93 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98. The company has a 50-day moving average of $240.90 and a two-hundred day moving average of $231.99. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16.
AMETEK (NYSE:AME – Get Free Report) last posted its earnings results 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 net margin of 20.04% and a return on equity of 16.93%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. 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, analysts predict that AMETEK, Inc. will post 8.32 EPS for the current year.
AMETEK Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued 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.
Recommended Stories
- Five stocks we like better than AMETEK
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
