OMERS ADMINISTRATION Corp Makes New Investment in AMETEK, Inc. $AME

Key Points

• OMERS Administration Corp. initiated a stake in AMETEK during the second quarter, purchasing 16,973 shares valued at approximately $4.1 million. Institutional investors collectively own 87.43% of the company.
• AMETEK reported stronger-than-expected quarterly results, with EPS of $2.09 versus the $1.99 consensus and revenue of $2.04 billion, up 15% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $266.80.
• Shares opened at $241.83, down 0.2%, while the company declared a quarterly dividend of $0.34 per share, representing a 0.6% yield. An insider separately sold 6,608 shares for approximately $1.68 million.

OMERS ADMINISTRATION Corp bought a new stake in shares of 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 firm bought 16,973 shares of the technology company's stock, valued at approximately $4,106,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Florida Financial Advisors LLC increased its holdings in shares of AMETEK by 2.2% during the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company's stock valued at $406,000 after acquiring an additional 43 shares during the last quarter. Plato Investment Management Ltd boosted its position in AMETEK by 0.4% during the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company's stock worth $2,218,000 after purchasing an additional 47 shares during the period. Allegiance Financial Group Advisory Services LLC grew its holdings in AMETEK by 4.0% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company's stock valued at $257,000 after purchasing an additional 48 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in AMETEK by 6.2% during the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company's stock valued at $175,000 after purchasing an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in shares of AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock valued at $69,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on AME. Morgan Stanley upped their price objective on shares of AMETEK from $235.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, July 10th. Robert W. Baird set a $275.00 target price on shares of AMETEK in a report on Wednesday, August 5th. Citigroup boosted their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a report on Thursday, June 18th. Finally, DA Davidson raised their price target on AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $266.80.

AMETEK Trading Down 0.2%

Shares of AMETEK stock opened at $241.83 on Wednesday. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The company's fifty day simple moving average is $241.33 and its 200-day simple moving average is $232.21. The company has a market cap of $55.43 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.10 and a beta of 0.98. 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 released its 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. 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 business's quarterly revenue 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. As a group, sell-side analysts expect that AMETEK, Inc. will post 8.33 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 paid a $0.34 dividend. 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%.

Insider Buying and Selling at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated 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 sale, the insider directly owned 42,509 shares of the company's stock, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

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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