109,557 Shares in AMETEK, Inc. $AME Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 109,557 AMETEK shares worth approximately $26.5 million during the second quarter. Institutional investors collectively own 87.43% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $266.80; several firms recently raised their targets to as high as $291.
• AMETEK exceeded quarterly expectations with $2.09 in earnings per share and $2.04 billion in revenue, while reporting 15% year-over-year revenue growth. The company also declared a quarterly dividend of $0.34 per share.

Public Employees Retirement System of Ohio bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 109,557 shares of the technology company's stock, valued at approximately $26,506,000.

Several other institutional investors have also modified their holdings of AME. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company's stock worth $101,901,000 after buying an additional 28,621 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of AMETEK during the fourth quarter valued at approximately $1,027,000. Wescott Financial Advisory Group LLC purchased a new stake in shares of AMETEK in the 4th quarter valued at approximately $1,122,000. Fifth Third Bancorp lifted its position in shares of AMETEK by 1,060.3% in the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company's stock valued at $17,781,000 after acquiring an additional 75,799 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in AMETEK by 7.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 120,201 shares of the technology company's stock worth $24,678,000 after purchasing an additional 8,131 shares during the period. Institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AME. DA Davidson boosted their target price on shares of AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. BNP Paribas Exane lifted their price target on AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Wall Street Zen downgraded AMETEK from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Barclays raised their price objective on AMETEK from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada increased their price target on shares of AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. One investment 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.80.

Insider Transactions at AMETEK

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

AMETEK Stock Performance

Shares of NYSE AME opened at $236.66 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. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The business's 50-day moving average price is $241.73 and its two-hundred day moving average price is $232.42. The company has a market capitalization of $54.24 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 3.11 and a beta of 0.98.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly 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 company had revenue of $2.04 billion during 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 business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business 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. Analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal 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 paid a $0.34 dividend. 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 payout ratio is 19.88%.

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.

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