Handelsbanken Fonder AB Trims Stock Position in AMETEK, Inc. $AME

Handelsbanken Fonder AB cut its holdings in shares of AMETEK, Inc. (NYSE:AME) by 25.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,223 shares of the technology company’s stock after selling 14,484 shares during the period. Handelsbanken Fonder AB’s holdings in AMETEK were worth $10,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. DA Davidson increased their price target on shares of AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley raised their price target on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. BNP Paribas Exane lifted their price objective on shares of AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $290.00 price objective on shares of AMETEK in a research report on Wednesday, August 5th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.80.

AMETEK Stock Down 0.9%

AMETEK stock opened at $256.29 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The stock has a market capitalization of $58.74 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The business has a 50 day simple moving average of $238.41 and a 200-day simple moving average of $231.02. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16.

AMETEK (NYSE:AME) last announced its earnings results 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. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $1.78 EPS. The business’s revenue 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. On average, analysts anticipate that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.34 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. AMETEK’s dividend payout ratio (DPR) is 19.88%.

Insider Transactions at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.