Haverford Trust Co Acquires New Stake in AMETEK, Inc. $AME

Haverford Trust Co bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,547 shares of the technology company’s stock, valued at approximately $616,000.

A number of other institutional investors have also recently added to or reduced their stakes in AME. Clear Harbor Asset Management LLC bought a new position in AMETEK during the 2nd quarter valued at $6,485,000. Bank of Nova Scotia bought a new stake in shares of AMETEK in the 2nd quarter worth $18,200,000. Elevation Point Wealth Partners LLC bought a new stake in shares of AMETEK in the 2nd quarter worth $463,000. Alta Advisers Ltd acquired a new stake in shares of AMETEK in the second quarter valued at $227,000. Finally, Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of AMETEK in the second quarter valued at $2,286,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

Shares of NYSE AME opened at $239.67 on Friday. The stock’s fifty day simple moving average is $240.90 and its 200 day simple moving average is $231.99. The stock has a market capitalization of $54.93 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 3.06 and a beta of 0.98. 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, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16.

AMETEK (NYSE:AME) last announced 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 return on equity of 16.93% and a net margin of 20.04%.The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business posted $1.78 earnings per share. AMETEK’s 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 forecast that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company 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 dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK’s dividend payout ratio is currently 19.88%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AME. Rothschild & Co Redburn set a $265.00 target price on AMETEK in a report on Thursday, June 18th. BNP Paribas Exane raised their price objective on shares of AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Robert W. Baird set a $275.00 target price on shares of AMETEK in a report on Wednesday, August 5th. Finally, Citigroup increased their target price on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note 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 given a Hold rating to the company. According to data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $266.80.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total value 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 SEC, which is available through this link. Corporate 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.