Old West Investment Management LLC Makes New Investment in AMETEK, Inc. $AME

Key Points

• Old West Investment Management acquired 12,970 AMETEK shares worth approximately $3.14 million, while institutional investors collectively own 87.43% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $266.80; KeyCorp and RBC recently raised their targets to $295 and $291, respectively.
• AMETEK exceeded quarterly expectations with $2.09 in EPS and $2.04 billion in revenue, up 15% year over year, and announced a quarterly dividend of $0.34 per share.

Old West Investment Management LLC acquired a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,970 shares of the technology company's stock, valued at approximately $3,138,000.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in AMETEK in the 4th quarter valued at about $831,372,000. Bank of New York Mellon Corp acquired a new stake in shares of AMETEK during the 2nd quarter worth about $624,725,000. Wellington Management Group LLP grew its holdings in shares of AMETEK by 302.9% during the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company's stock worth $576,441,000 after buying an additional 2,110,818 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of AMETEK by 539.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company's stock valued at $219,796,000 after buying an additional 903,061 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of AMETEK by 35.7% in the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company's stock valued at $497,444,000 after buying an additional 695,419 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AME. KeyCorp raised their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. TD Cowen reiterated a "buy" rating on shares of AMETEK in a report on Thursday, August 6th. Weiss Ratings raised shares of AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Finally, Citigroup upped their price objective on AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $266.80.

Insider Buying and Selling at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of AMETEK 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 owned 42,509 shares in the company, 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 can be accessed through this link. Insiders own 0.54% of the company's stock.

AMETEK Stock Up 0.1%

Shares of NYSE:AME opened at $254.98 on Monday. The stock has a 50-day simple moving average of $238.97 and a 200-day simple moving average of $231.27. The stock has a market capitalization of $58.44 billion, a P/E ratio of 37.28, a PEG ratio of 3.26 and a beta of 0.98. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 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 net margin of 20.04% and a return on equity of 16.93%. AMETEK's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK's dividend payout ratio (DPR) is currently 19.88%.

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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