Hikari Power Ltd Takes Position in AMETEK, Inc. $AME

Key Points

• Hikari Power Ltd acquired 3,940 AMETEK shares worth approximately $953,000 in the second quarter, while institutional investors and hedge funds collectively own 87.43% of the stock.
• Analysts maintain a generally positive outlook, with AMETEK receiving a “Moderate Buy” consensus rating and an average price target of $266.80; several firms recently raised their targets.
• AMETEK exceeded quarterly expectations with $2.09 in EPS and $2.04 billion in revenue, up 15% year over year. The company also declared a quarterly dividend of $0.34 per share, implying a 0.5% yield.

Hikari Power Ltd acquired a new position in AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,940 shares of the technology company's stock, valued at approximately $953,000. AMETEK comprises approximately 0.1% of Hikari Power Ltd's holdings, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in AMETEK in the 4th quarter worth $831,372,000. Bank of New York Mellon Corp acquired a new stake in shares of AMETEK in the second quarter valued at about $624,725,000. Wellington Management Group LLP increased its stake in shares of AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company's stock worth $576,441,000 after purchasing an additional 2,110,818 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of AMETEK by 539.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company's stock worth $219,796,000 after purchasing an additional 903,061 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of AMETEK by 35.7% during the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company's stock worth $497,444,000 after purchasing an additional 695,419 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial raised their target price on AMETEK from $303.00 to $316.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Citigroup upped their price target on AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Mizuho set a $270.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Finally, Barclays boosted their target price on shares of AMETEK from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $266.80.

AMETEK Stock Up 0.1%

AME stock opened at $254.98 on Monday. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month 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. The company has a market cap of $58.44 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98. The business's 50-day simple moving average is $238.97 and its 200 day simple moving average is $231.27.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly 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. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The company's revenue for the quarter was up 15.0% on a year-over-year basis. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, research analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current 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 given a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK's payout ratio is currently 19.88%.

Insider Activity at AMETEK

In related news, insider David F. 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 transaction, the insider directly owned 42,509 shares of the company's stock, valued at $10,797,286. This trade represents 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 available through this hyperlink. 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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