Van ECK Associates Corp Buys New Position in AMETEK, Inc. $AME

Key Points

• Van ECK Associates initiated a position in AMETEK during the second quarter, buying 41,505 shares valued at approximately $10 million. Institutional investors collectively own 87.43% of the company.
• AMETEK exceeded quarterly expectations, reporting adjusted EPS of $2.09 versus the $1.99 consensus and revenue of $2.04 billion, up 15% year over year. The company maintained 2026 EPS guidance of $8.20–$8.30.
• Analysts give AMETEK a consensus “Moderate Buy” rating with a $266.80 price target, while the stock recently opened at $231.07. AMETEK also declared a quarterly dividend of $0.34 per share, equivalent to a 0.6% yield.

Van ECK Associates Corp purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 41,505 shares of the technology company's stock, valued at approximately $10,042,000.

A number of other hedge funds have also added to or reduced their stakes in AME. Sivia Capital Partners LLC bought a new stake in shares of AMETEK during the 2nd quarter valued at about $295,000. Baird Financial Group Inc. raised its stake in AMETEK by 16.1% in the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company's stock worth $3,037,000 after buying an additional 2,323 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in AMETEK by 65.0% in the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company's stock worth $714,000 after buying an additional 1,555 shares during the period. Sei Investments Co. boosted its position in AMETEK by 38.2% during the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company's stock valued at $40,392,000 after acquiring an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in AMETEK by 105.3% during the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company's stock valued at $28,641,000 after acquiring an additional 81,178 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

AME has been the subject of several research reports. Seaport Research Partners reissued a "buy" rating and issued a $290.00 target price on shares of AMETEK in a research report on Wednesday, August 5th. Robert W. Baird set a $275.00 price target on AMETEK in a research note on Wednesday, August 5th. Wall Street Zen cut shares of AMETEK from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Weiss Ratings raised shares of AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Finally, Citigroup upped 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $266.80.

AMETEK Stock Down 1.7%

AME opened at $231.07 on Wednesday. The stock has a market capitalization of $52.96 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 3.00 and a beta of 0.98. The firm has a 50 day moving average price of $241.54 and a 200-day moving average price of $232.40. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.10. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company 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 research analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK's payout ratio is presently 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.

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