Chancellor Financial Group WB LP purchased a new stake in AMETEK, Inc. (NYSE:AME – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,000 shares of the technology company’s stock, valued at approximately $484,000.
A number of other large investors have also recently bought and sold shares of AME. Elevation Wealth Partners LLC lifted its holdings in shares of AMETEK by 239.5% during the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock valued at $31,000 after acquiring an additional 91 shares during the period. MV Capital Management Inc. bought a new stake in shares of AMETEK in the 4th quarter worth about $28,000. Brown Lisle Cummings Inc. increased its position in shares of AMETEK by 878.6% during the 1st 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. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK during the 2nd quarter worth about $25,000. Finally, SJS Investment Consulting Inc. lifted its holdings in AMETEK by 393.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on AME shares. BNP Paribas Exane upped their price objective on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. DA Davidson lifted their target price on shares of AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Barclays increased their price target on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.80.
AMETEK Price Performance
Shares of AME stock opened at $250.21 on Wednesday. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. The stock has a market cap of $57.35 billion, a PE ratio of 36.58, a PEG ratio of 3.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The firm’s 50 day moving average price is $239.95 and its two-hundred day moving average price is $231.70.
AMETEK (NYSE:AME – Get Free Report) last issued 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. The company had revenue of $2.04 billion during 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 business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, analysts forecast that AMETEK, Inc. will post 8.33 EPS for the current year.
AMETEK Dividend Announcement
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 currently 19.88%.
Insiders Place Their Bets
In other AMETEK news, insider David F. Hermance sold 6,608 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the transaction, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.
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