Mystic Asset Management Inc. Purchases New Stake in AMETEK, Inc. $AME

Key Points

• Mystic Asset Management acquired 5,300 AMETEK shares worth approximately $1.28 million in the second quarter. Institutional investors collectively own 87.43% of the company, with BlackRock also reporting a new multibillion-dollar position.
• AMETEK exceeded quarterly expectations, reporting $2.09 in EPS and $2.04 billion in revenue, up 15% year over year. The company guided for third-quarter 2026 EPS of $2.08–$2.10 and full-year EPS of $8.20–$8.30.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $266.80. However, the stock trades at about 35 times earnings near its 52-week high, while an insider recently sold 6,608 shares.

Mystic Asset Management Inc. bought a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,300 shares of the technology company's stock, valued at approximately $1,282,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in AMETEK in the 2nd quarter worth $4,725,928,000. State Street Corp lifted its position in shares of AMETEK by 2.0% in the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company's stock worth $2,044,140,000 after purchasing an additional 192,677 shares during the period. Geode Capital Management LLC boosted its stake in shares of AMETEK by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company's stock valued at $1,204,722,000 after purchasing an additional 37,651 shares in the last quarter. Invesco Ltd. increased its position in shares of AMETEK by 4.9% during the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company's stock valued at $839,141,000 after buying an additional 209,043 shares during the period. Finally, Norges Bank purchased a new stake in AMETEK in the fourth quarter worth $831,372,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Insider Transactions at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

AMETEK Stock Performance

Shares of AME opened at $239.54 on Friday. The company has a market cap of $54.90 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 3.11 and a beta of 0.98. The business's fifty day simple moving average is $240.65 and its two-hundred day simple moving average is $231.93. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. 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 posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping 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 previous year, the business earned $1.78 earnings per share. The company'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. Research analysts anticipate that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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 annualized dividend and a yield of 0.6%. AMETEK's dividend payout ratio is currently 19.88%.

Key Headlines Impacting AMETEK

Here are the key news stories impacting AMETEK this week:

• Positive Sentiment: Broad EPS upgrades: Zacks raised its AMETEK earnings forecasts across multiple periods, including Q3 2026 EPS to $2.08 from $2.00 and full-year 2026 EPS to $8.27 from $8.07. It also increased FY2027 EPS to $8.74 from $8.47 and FY2028 EPS to $9.33 from $9.10. AMETEK earnings estimate revisions
• Positive Sentiment: Improved longer-term outlook: Zacks also lifted estimates for Q1 and Q2 2027, Q3 and Q4 2027, and Q1 and Q2 2028. The revisions imply continued earnings growth and put Zacks’ FY2028 forecast above the current-year consensus estimate of $8.33 per share. AMETEK analyst estimates
• Neutral Sentiment: Limited immediate catalyst: The estimate changes are favorable but relate mainly to future quarters and do not represent a new contract, acquisition, or change to company guidance. Zacks’ FY2026 forecast of $8.27 remains slightly below the broader consensus estimate of $8.33.
• Negative Sentiment: Valuation may be weighing on the shares: AMETEK trades at roughly 35 times earnings and near its 52-week high. That elevated valuation could encourage profit-taking or require stronger near-term results to drive additional upside, potentially explaining the stock’s weakness despite the positive estimate revisions.

Analysts Set New Price Targets

AME has been the subject of a number of analyst reports. Seaport Research Partners reaffirmed a "buy" rating and set a $290.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research note on Thursday, June 18th. TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a research report on Thursday, August 6th. DA Davidson lifted their price objective on AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $275.00 target price on AMETEK in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $266.80.

AMETEK Company 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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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.

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