Headlands Technologies LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,379 shares of the technology company’s stock, valued at approximately $576,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in AMETEK in the 2nd quarter valued at about $295,000. Baird Financial Group Inc. lifted its position in shares of AMETEK by 16.1% during the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 2,323 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock valued at $714,000 after purchasing an additional 1,555 shares during the last quarter. Sei Investments Co. increased its holdings in shares of 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 purchasing an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of AMETEK by 105.3% in the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after purchasing an additional 81,178 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Wall Street Zen downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Citigroup boosted their target price on AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley upped their price target on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Truist Financial lifted their price objective on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.80.
AMETEK Price Performance
AME opened at $233.32 on Thursday. The company has a fifty day moving average price of $241.50 and a two-hundred day moving average price of $232.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The firm has a market capitalization of $53.48 billion, a PE ratio of 34.11, a P/E/G ratio of 2.95 and a beta of 0.99.
AMETEK (NYSE:AME – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share 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 company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The firm’s quarterly 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. As a group, analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current year.
AMETEK Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s dividend payout ratio is presently 19.88%.
Insiders Place Their Bets
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 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 in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 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.
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