133,730 Shares in AMETEK, Inc. $AME Acquired by Cornerstone Capital Inc.

Cornerstone Capital Inc. acquired a new stake in AMETEK, Inc. (NYSE:AMEFree Report) during the second quarter, Holdings Channel.com reports. The fund acquired 133,730 shares of the technology company’s stock, valued at approximately $32,355,000. AMETEK comprises about 2.9% of Cornerstone Capital Inc.’s holdings, making the stock its 10th biggest holding.

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

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of the firm’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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

AMETEK Stock Performance

NYSE:AME opened at $254.98 on Friday. The stock’s 50-day moving average is $238.97 and its 200-day moving average is $231.19. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year 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. The stock has a market cap of $58.44 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

AMETEK (NYSE:AMEGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion during 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%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $1.78 EPS. 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 anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

The business 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. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 15th. AMETEK’s dividend payout ratio is presently 19.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AME shares. TD Cowen restated a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. DA Davidson boosted their target price on shares of AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane upped their price target on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.80.

Read Our Latest Research Report on AME

AMETEK Company Profile

(Free Report)

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.

See Also

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:AMEFree Report).

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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