Bank of New York Mellon Corp purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,582,149 shares of the technology company's stock, valued at approximately $624,725,000. Bank of New York Mellon Corp owned approximately 1.13% of AMETEK at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of AMETEK in the second quarter valued at about $295,000. Baird Financial Group Inc. lifted its position in shares of AMETEK by 16.1% during the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company's stock valued at $3,037,000 after acquiring an additional 2,323 shares during the period. NewEdge Advisors LLC boosted its stake in shares of AMETEK by 65.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company's stock worth $714,000 after acquiring an additional 1,555 shares in the last quarter. Sei Investments Co. grew its holdings in shares of AMETEK by 38.2% in the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company's stock worth $40,392,000 after acquiring an additional 61,672 shares during the period. Finally, Squarepoint Ops LLC increased its stake in AMETEK by 105.3% in the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company's stock valued at $28,641,000 after purchasing an additional 81,178 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have weighed in on the company. Mizuho set a $270.00 target price on AMETEK in a report on Friday, May 1st. Robert W. Baird set a $275.00 price target on shares of AMETEK in a report on Wednesday, August 5th. Morgan Stanley raised their price objective on AMETEK from $235.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. Citigroup upped their target price on AMETEK from $257.00 to $261.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Barclays increased their target price on AMETEK from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. One 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's stock. According to MarketBeat, AMETEK has an average rating of "Moderate Buy" and an average price target of $266.80.
View Our Latest Stock Report on AMETEK
AMETEK Stock Performance
AME stock opened at $239.67 on Friday. The company has a market capitalization of $54.93 billion, a P/E ratio of 35.04, a PEG ratio of 3.06 and a beta of 0.98. The company has a 50-day simple moving average of $240.90 and a 200 day simple moving average of $231.99. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16. 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 - Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $2.09 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 net margin of 20.04% and a return on equity of 16.93%. AMETEK's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company 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. Sell-side analysts predict that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.
AMETEK Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK's payout ratio is currently 19.88%.
Insider Transactions at AMETEK
In related news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated 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 transaction, 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 Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.
AMETEK Company Profile
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Free Report)
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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