Horizon Investment Services LLC bought a new stake in AMETEK, Inc. (NYSE:AME – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,295 shares of the technology company’s stock, valued at approximately $1,523,000.
A number of other large investors have also recently bought and sold shares of AME. Darwin Wealth Management LLC acquired a new position in shares of AMETEK in the 2nd quarter valued at about $25,000. MV Capital Management Inc. acquired a new stake in AMETEK during the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. increased its holdings in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after purchasing an additional 123 shares in the last quarter. BOKF NA lifted its stake in AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after buying an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. lifted its stake in AMETEK by 393.1% in the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AME has been the subject of several recent analyst reports. Mizuho set a $270.00 price objective on shares of AMETEK in a research report on Friday, May 1st. Wall Street Zen downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Citigroup increased their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. BNP Paribas Exane lifted their price target on shares of AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.80.
AMETEK Trading Up 0.1%
NYSE AME opened at $254.98 on Monday. The company has a market cap of $58.44 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 3.26 and a beta of 0.98. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The business has a 50 day moving average price of $238.97 and a 200-day moving average price of $231.27. 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 for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. AMETEK’s revenue for the quarter was up 15.0% on a year-over-year basis. 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, equities analysts expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.
AMETEK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 19.88%.
Insider Buying and Selling at AMETEK
In other news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated 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 completion of the transaction, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.
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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