Primecap Management Co. CA Buys 40,400 Shares of AMETEK, Inc. $AME

Primecap Management Co. CA increased its stake in shares of AMETEK, Inc. (NYSE:AME) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 819,154 shares of the technology company’s stock after purchasing an additional 40,400 shares during the quarter. Primecap Management Co. CA’s holdings in AMETEK were worth $154,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new stake in shares of AMETEK during the second quarter valued at about $25,000. NewSquare Capital LLC raised its stake in shares of AMETEK by 129.7% during the 2nd quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock worth $31,000 after acquiring an additional 96 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in AMETEK during the third quarter valued at approximately $31,000. SouthState Corp boosted its stake in AMETEK by 47.4% in the second quarter. SouthState Corp now owns 202 shares of the technology company’s stock valued at $37,000 after acquiring an additional 65 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in AMETEK in the second quarter worth $39,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 1.7%

Shares of NYSE:AME opened at $236.91 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.06 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $239.94. The stock has a market cap of $54.25 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.33 and a beta of 1.03. The business has a 50-day moving average price of $220.26 and a 200-day moving average price of $200.68.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.07. AMETEK had a net margin of 20.00% and a return on equity of 16.55%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $1.87 EPS. AMETEK’s quarterly revenue was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Equities analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.34 per share. This is a boost from AMETEK’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, March 16th. AMETEK’s payout ratio is presently 19.38%.

Analyst Upgrades and Downgrades

AME has been the subject of a number of recent analyst reports. Robert W. Baird set a $245.00 price objective on AMETEK in a research report on Thursday, February 5th. Mizuho set a $235.00 price target on AMETEK in a report on Wednesday, February 4th. TD Cowen restated a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $240.00 target price on shares of AMETEK in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Buying and Selling at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the sale, the vice president directly owned 22,116 shares of the company’s stock, valued at approximately $4,534,885.80. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas C. Marecic sold 14,310 shares of AMETEK stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $202.11, for a total value of $2,892,194.10. Following the transaction, the insider owned 42,589 shares of the company’s stock, valued at $8,607,662.79. The trade was a 25.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 49,088 shares of company stock valued at $9,930,020. 0.57% of the stock is owned by insiders.

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.