Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 31,705 AMETEK, Inc. $AME

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,705 shares of the technology company's stock, valued at approximately $7,671,000.

Other large investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new position in AMETEK during the 2nd quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in shares of AMETEK during the second quarter worth about $25,000. MV Capital Management Inc. purchased a new position in AMETEK during the fourth quarter worth about $28,000. Brown Lisle Cummings Inc. lifted its position in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock valued at $29,000 after purchasing an additional 123 shares during the period. Finally, BOKF NA lifted its holdings in shares of AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company's stock valued at $30,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Insider Activity at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of the business'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 transaction of $1,678,432.00. Following the transaction, the insider directly owned 42,509 shares of the company's stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

AME has been the topic of several research analyst reports. Citigroup boosted their price target on AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Seaport Research Partners restated a "buy" rating and set a $290.00 target price on shares of AMETEK in a report on Wednesday, August 5th. DA Davidson upped their price target on shares of AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, AMETEK has an average rating of "Moderate Buy" and an average price target of $266.80.

AMETEK Price Performance

AMETEK stock opened at $239.67 on Monday. The firm has a fifty day moving average of $240.90 and a 200-day moving average of $232.01. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week 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 firm has a market capitalization of $54.93 billion, a P/E ratio of 35.04, a PEG ratio of 3.06 and a beta of 0.98.

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 for the quarter, topping 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 firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the company earned $1.78 EPS. The firm's revenue 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. As a group, analysts predict that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK's dividend payout ratio (DPR) is presently 19.88%.

About AMETEK

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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