Andra AP fonden Buys 59,484 Shares of AMETEK, Inc. $AME

Key Points

• Andra AP fonden increased its AMETEK position by 495.7% in the second quarter, buying 59,484 additional shares for a total holding of 71,484 shares valued at approximately $17.3 million. Institutional investors collectively own 87.43% of the stock.
• AMETEK reported stronger-than-expected quarterly results, with EPS of $2.09 versus the $1.99 consensus and revenue of $2.04 billion, up 15% year over year. The company guided for fiscal 2026 EPS of $8.20–$8.30.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $266.69 versus the reported share price of $245.92. AMETEK also declared a quarterly dividend of $0.34 per share, equating to a 0.6% yield.

Andra AP fonden grew its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 495.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,484 shares of the technology company's stock after purchasing an additional 59,484 shares during the period. Andra AP fonden's holdings in AMETEK were worth $17,295,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AME. Anchor Investment Management LLC increased its holdings in shares of AMETEK by 1,114.9% in the 2nd quarter. Anchor Investment Management LLC now owns 3,025 shares of the technology company's stock worth $732,000 after buying an additional 2,776 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in AMETEK by 15.7% during the second quarter. Sequoia Financial Advisors LLC now owns 9,978 shares of the technology company's stock valued at $2,414,000 after acquiring an additional 1,352 shares during the last quarter. Tidal Investments LLC raised its stake in shares of AMETEK by 143.6% in the second quarter. Tidal Investments LLC now owns 89,554 shares of the technology company's stock valued at $21,667,000 after acquiring an additional 52,795 shares during the period. National Pension Service lifted its stake in AMETEK by 1.6% in the second quarter. National Pension Service now owns 338,990 shares of the technology company's stock worth $82,015,000 after purchasing an additional 5,382 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new stake in shares of AMETEK during the 2nd quarter worth approximately $209,000. 87.43% of the stock is owned by institutional investors.

AMETEK Stock Up 1.9%

Shares of NYSE AME opened at $245.92 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $56.36 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.99. The stock's fifty day simple moving average is $241.96 and its two-hundred day simple moving average is $232.71. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, analysts expect that AMETEK, Inc. will post 8.32 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK's payout ratio is currently 19.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen reiterated a "buy" rating on shares of AMETEK in a report on Thursday, August 6th. Robert W. Baird set a $275.00 price target on AMETEK in a report on Wednesday, August 5th. Vertical Research assumed coverage on AMETEK in a report on Tuesday, September 8th. They set a "buy" rating and a $255.00 price objective on the stock. Weiss Ratings raised AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price target on AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.69.

Insider Transactions at AMETEK

In other news, insider David 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 completion of the sale, the insider owned 42,509 shares of the company's stock, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

AMETEK Company Profile

AMETEK, Inc NYSE: AME is a diversified manufacturer of industrial technology products and solutions. The company develops equipment used to monitor, measure, test, control and analyze processes across a range of industrial and commercial applications.

AMETEK operates through two primary business groups: Electronic Instruments, which provides analytical, monitoring, testing and measurement equipment; and Electromechanical, which supplies automation systems, motors, power systems, aerospace and defense products, engineered materials and other specialized components.

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