823,154 Shares in AMETEK, Inc. $AME Purchased by Primecap Management Co. CA

Primecap Management Co. CA bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the 2nd quarter, Holdings Channel.com reports. The fund bought 823,154 shares of the technology company’s stock, valued at approximately $199,154,000.

Other hedge funds have also modified their holdings of the company. Palisade Capital Management LP purchased a new stake in shares of AMETEK in the second quarter valued at approximately $30,978,000. Canada Pension Plan Investment Board purchased a new position in AMETEK in the second quarter worth $91,568,000. Osterweis Capital Management Inc. purchased a new position in AMETEK in the second quarter worth $27,991,000. Legal & General Group Plc acquired a new stake in AMETEK in the second quarter valued at $316,021,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of AMETEK during the 2nd quarter worth $97,429,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price target on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. KeyCorp upped their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Mizuho set a $270.00 target price on shares of AMETEK in a report on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.80.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the 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 transaction, the insider owned 42,509 shares of the company’s stock, valued at $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

AMETEK Trading Down 0.2%

Shares of AME stock opened at $241.83 on Wednesday. The company has a market capitalization 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. The firm has a 50-day moving average price of $241.33 and a 200 day moving average price of $232.21. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. Research analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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