Ieq Capital LLC bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,110 shares of the technology company's stock, valued at approximately $11,640,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of AMETEK during the 2nd quarter valued at about $4,725,928,000. Norges Bank acquired a new position in AMETEK in the fourth quarter worth approximately $831,372,000. Flossbach Von Storch SE bought a new position in AMETEK during the second quarter valued at approximately $662,352,000. Bank of New York Mellon Corp acquired a new stake in AMETEK in the second quarter valued at approximately $624,725,000. Finally, Wellington Management Group LLP lifted its stake in AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company's stock valued at $576,441,000 after acquiring an additional 2,110,818 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at AMETEK
In other AMETEK news, insider David F. Hermance sold 6,608 shares of the firm's stock in a transaction that occurred 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 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 filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.
Analyst Ratings Changes
AME has been the topic of several analyst reports. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. Morgan Stanley lifted their price objective on shares of AMETEK from $235.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, BNP Paribas Exane raised their target price on AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. One equities 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $266.80.
Check Out Our Latest Research Report on AMETEK
AMETEK Trading Up 0.2%
Shares of AME stock opened at $239.67 on Friday. AMETEK, Inc. has a 12 month low of $179.24 and a 12 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 business's 50 day moving average is $240.90 and its two-hundred day moving average is $231.99. The company has a market cap of $54.93 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98.
AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The company's quarterly revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Equities analysts predict that AMETEK, Inc. will post 8.32 EPS for the current year.
AMETEK Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK's dividend payout ratio is presently 19.88%.
About AMETEK
(
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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