David Hermance Sells 6,608 Shares of AMETEK (NYSE:AME) Stock

AMETEK, Inc. (NYSE:AME) insider David Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AMETEK Stock Down 0.4%

AMETEK stock traded down $0.92 during mid-day trading on Monday, reaching $252.74. 995,372 shares of the company were exchanged, compared to its average volume of 1,281,416. 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 has a market cap of $57.93 billion, a P/E ratio of 36.95, a PEG ratio of 3.24 and a beta of 0.98. The business has a fifty day moving average of $236.09 and a 200 day moving average of $229.98. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $257.95.

AMETEK (NYSE:AME) last announced its quarterly 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. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business 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. Research analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio is presently 19.88%.

Analysts Set New Price Targets

AME has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Royal Bank Of Canada raised their target price on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Mizuho set a $270.00 price target on shares of AMETEK in a report on Friday, May 1st. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research report on Thursday, June 18th. Finally, Seaport Research Partners reissued 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.80.

Institutional Trading of AMETEK

A number of institutional investors have recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK during the second quarter worth $25,000. MV Capital Management Inc. acquired a new position in shares of AMETEK in the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. raised its stake in AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after acquiring an additional 123 shares during the last quarter. BOKF NA lifted its position in AMETEK by 137.7% during the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after acquiring an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in AMETEK by 393.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

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.