Engineers Gate Manager LP Has $15.06 Million Position in AMETEK, Inc. $AME

Key Points

• Engineers Gate Manager LP cut its AMETEK stake by 71.7% in the second quarter, selling 157,940 shares and retaining 62,237 shares valued at approximately $15.06 million. Institutional investors and hedge funds collectively own 87.43% of AMETEK.
• Analysts remain broadly positive, with AMETEK receiving a “Moderate Buy” consensus rating and an average price target of $266.06. Recent target increases include RBC at $291 and KeyCorp at $295.
• AMETEK exceeded quarterly expectations, reporting $2.09 in adjusted EPS versus the $1.99 estimate and revenue of $2.04 billion. The company declared a quarterly dividend of $0.34 per share and issued fiscal 2026 EPS guidance of $8.20–$8.30.

Engineers Gate Manager LP lessened its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 71.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,237 shares of the technology company's stock after selling 157,940 shares during the period. Engineers Gate Manager LP's holdings in AMETEK were worth $15,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in AMETEK during the fourth quarter valued at approximately $1,027,000. Wescott Financial Advisory Group LLC bought a new position in shares of AMETEK in the 4th quarter valued at $1,122,000. Fifth Third Bancorp raised its holdings in shares of AMETEK by 1,060.3% during the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company's stock worth $17,781,000 after buying an additional 75,799 shares in the last quarter. Jennison Associates LLC lifted its position in shares of AMETEK by 93.0% during the 1st quarter. Jennison Associates LLC now owns 256,693 shares of the technology company's stock worth $55,025,000 after buying an additional 123,719 shares during the last quarter. Finally, Erste Asset Management GmbH lifted its position in shares of AMETEK by 191.8% during the 4th quarter. Erste Asset Management GmbH now owns 44,123 shares of the technology company's stock worth $9,161,000 after buying an additional 29,002 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on AME shares. Royal Bank Of Canada lifted their target price on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. KeyCorp increased their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Vertical Research began coverage on shares of AMETEK in a research note on Tuesday. They issued a "buy" rating and a $255.00 price target on the stock. Seaport Research Partners reaffirmed a "buy" rating and set a $290.00 price target on shares of AMETEK in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, AMETEK has an average rating of "Moderate Buy" and a consensus target price of $266.06.

AMETEK Price Performance

AMETEK stock opened at $236.63 on Thursday. The stock has a 50-day moving average price of $241.28 and a two-hundred day moving average price of $232.61. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. The company has a market capitalization of $54.24 billion, a PE ratio of 34.60, a P/E/G ratio of 3.04 and a beta of 0.99. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating 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 firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Analysts expect that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.34 dividend. 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 is 19.88%.

Insider Activity

In other news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the transaction, the insider owned 42,509 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

AMETEK 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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