2,409 Shares in AMETEK, Inc. $AME Acquired by EFG International AG

EFG International AG acquired a new stake in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, HoldingsChannel reports. The institutional investor acquired 2,409 shares of the technology company’s stock, valued at approximately $583,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in AMETEK in the 2nd quarter worth about $4,725,928,000. State Street Corp increased its stake in AMETEK by 2.0% during the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock valued at $2,044,140,000 after purchasing an additional 192,677 shares in the last quarter. Geode Capital Management LLC increased its stake in AMETEK by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock valued at $1,204,722,000 after purchasing an additional 37,651 shares in the last quarter. Invesco Ltd. raised its holdings in AMETEK by 4.9% in the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock worth $839,141,000 after buying an additional 209,043 shares during the last quarter. Finally, Norges Bank bought a new position in shares of AMETEK in the fourth quarter worth approximately $831,372,000. 87.43% of the stock is owned by institutional investors.

Insider Buying and Selling at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the firm’s 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 transaction, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is owned by insiders.

AMETEK Stock Performance

Shares of AME stock opened at $243.18 on Friday. The company has a 50 day moving average price of $241.74 and a 200-day moving average price of $232.39. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The firm has a market capitalization of $55.74 billion, a PE ratio of 35.55, a P/E/G ratio of 3.13 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that AMETEK, Inc. will post 8.33 earnings per share 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 issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio is presently 19.88%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a report on Thursday, June 18th. KeyCorp upped 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. TD Cowen reiterated a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $275.00 price target on AMETEK in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $266.80.

AMETEK Company 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.