Mitsubishi UFJ Asset Management Co. Ltd. Makes New $133.44 Million Investment in AMETEK, Inc. $AME

Key Points

• Mitsubishi UFJ Asset Management acquired 551,529 AMETEK shares worth approximately $133.4 million, while institutional investors collectively own 87.43% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $266.80; recent targets range as high as $285.
• AMETEK exceeded quarterly expectations with $2.09 EPS and $2.04 billion in revenue, up 15% year over year, and declared a quarterly dividend of $0.34 per share.

Mitsubishi UFJ Asset Management Co. 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. The fund acquired 551,529 shares of the technology company's stock, valued at approximately $133,437,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of AMETEK as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. OneDigital Investment Advisors LLC bought a new position in shares of AMETEK during the second quarter valued at about $339,000. Hikari Power Ltd bought a new stake in shares of AMETEK in the 2nd quarter valued at about $953,000. Plato Investment Management Ltd bought a new position in AMETEK during the 2nd quarter worth approximately $2,586,000. Old West Investment Management LLC bought a new position in AMETEK during the 2nd quarter worth approximately $3,138,000. Finally, N.E.W. Advisory Services LLC purchased a new position in AMETEK in the 2nd quarter worth approximately $71,000. Institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays increased their price objective on AMETEK from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Citigroup raised their price objective on shares of AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Mizuho set a $270.00 target price on shares of AMETEK in a research report on Friday, May 1st. BNP Paribas Exane raised their price objective on AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, DA Davidson increased their target price on AMETEK from $265.00 to $285.00 and gave the stock a "buy" rating in a research note 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's stock. Based on data from MarketBeat, AMETEK has a consensus rating of "Moderate Buy" and an average target price of $266.80.

Insider Buying and Selling at AMETEK

In other 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 transaction, the insider directly owned 42,509 shares in the company, 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 at this link. 0.54% of the stock is owned by insiders.

AMETEK Price Performance

NYSE AME opened at $250.21 on Wednesday. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The stock has a 50-day moving average of $239.95 and a 200 day moving average of $231.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The company has a market capitalization of $57.35 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 3.26 and a beta of 0.98.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results 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. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The business's revenue for the quarter 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. On average, sell-side analysts forecast that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Announces Dividend

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 paid 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 yield of 0.5%. AMETEK's payout ratio is currently 19.88%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source