Bank of Nova Scotia Invests $18.20 Million in AMETEK, Inc. $AME

Key Points

• Bank of Nova Scotia acquired 75,225 AMETEK shares worth approximately $18.2 million in the second quarter. Institutional investors and hedge funds now own 87.43% of the company.
• Analysts maintain a generally positive outlook, with AMETEK holding a consensus “Moderate Buy” rating and an average price target of $266.80.
• AMETEK exceeded quarterly earnings and revenue estimates, reporting $2.09 in EPS and $2.04 billion in revenue, while guiding for fiscal 2026 EPS of $8.20–$8.30. The company also announced a quarterly dividend of $0.34 per share, yielding 0.6%.

Bank of Nova Scotia purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 75,225 shares of the technology company's stock, valued at approximately $18,200,000.

Other large investors have also bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in AMETEK during the 2nd quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in shares of AMETEK in the 2nd quarter valued at $25,000. MV Capital Management Inc. acquired a new position in shares of AMETEK in the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. boosted its position in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock worth $29,000 after purchasing an additional 123 shares during the last quarter. Finally, BOKF NA grew its stake in shares of AMETEK by 137.7% during the fourth quarter. BOKF NA now owns 145 shares of the technology company's stock worth $30,000 after purchasing an additional 84 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen reiterated a "buy" rating on shares of AMETEK in a report on Thursday, August 6th. Citigroup boosted their target price on AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. DA Davidson upped their price target on AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Mizuho set a $270.00 price objective on shares of AMETEK in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $266.80.

AMETEK Stock Performance

AME stock opened at $239.67 on Monday. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. 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 firm has a market cap of $54.93 billion, a PE ratio of 35.04, a P/E/G ratio of 3.06 and a beta of 0.98. The business's 50-day moving average price is $240.90 and its two-hundred day moving average price is $232.01.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. 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, research analysts forecast that AMETEK, Inc. will post 8.32 earnings per share for the current year.

AMETEK Dividend Announcement

The business 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. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK's dividend payout ratio (DPR) is 19.88%.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of AMETEK 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 transaction, the insider owned 42,509 shares of the company's stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

AMETEK 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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