Nykredit A S Invests $24.43 Million in AMETEK, Inc. $AME

Key Points

• Nykredit A/S acquired 100,985 AMETEK shares during the second quarter, valued at approximately $24.4 million. Institutional investors and hedge funds collectively own 87.43% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $266.69; RBC recently raised its target to $291.
• AMETEK reported quarterly EPS of $2.09, surpassing estimates, while revenue rose 15% year over year to $2.04 billion. The company also declared a quarterly dividend of $0.34 per share, yielding 0.6%.

Nykredit A S acquired a new position in AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100,985 shares of the technology company's stock, valued at approximately $24,432,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in AMETEK during the 2nd quarter worth about $25,000. Fiduciary Financial Advisors bought a new stake in shares of AMETEK in the 2nd quarter valued at about $27,000. MV Capital Management Inc. acquired a new stake in shares of AMETEK in the fourth quarter valued at about $28,000. Brown Lisle Cummings Inc. raised its position in shares of AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its position in shares of AMETEK by 393.1% during the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company's stock worth $31,000 after acquiring an additional 114 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank Of Canada upped their target price on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Citigroup raised their price target on shares of AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $275.00 price objective on shares of AMETEK in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $266.69.

AMETEK Trading Up 1.5%

NYSE AME opened at $237.83 on Friday. The business has a 50 day simple moving average of $241.53 and a 200 day simple moving average of $232.65. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The stock has a market capitalization of $54.51 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly 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. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company's revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. 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 expect that AMETEK, Inc. will post 8.32 earnings per share for the current year.

AMETEK Announces Dividend

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 given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK's payout ratio is presently 19.88%.

Insider Transactions at AMETEK

In related news, insider David Hermance sold 6,608 shares of the stock in a transaction on 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 transaction, the insider directly owned 42,509 shares of the company's stock, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

AMETEK Company Profile

AMETEK, Inc NYSE: AME is a diversified manufacturer of industrial technology products and solutions. The company develops equipment used to monitor, measure, test, control and analyze processes across a range of industrial and commercial applications.

AMETEK operates through two primary business groups: Electronic Instruments, which provides analytical, monitoring, testing and measurement equipment; and Electromechanical, which supplies automation systems, motors, power systems, aerospace and defense products, engineered materials and other specialized components.

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME - Free Report).

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.