JLB & Associates Inc. Invests $13.46 Million in AMETEK, Inc. $AME

JLB & Associates Inc. bought a new stake in AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,624 shares of the technology company’s stock, valued at approximately $13,458,000. AMETEK comprises 1.8% of JLB & Associates Inc.’s investment portfolio, making the stock its 22nd biggest position.

Other large investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in AMETEK by 239.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares in the last quarter. MV Capital Management Inc. bought a new position in AMETEK during the 4th quarter worth $28,000. Brown Lisle Cummings Inc. lifted its holdings in shares of AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after buying an additional 123 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of AMETEK in the second quarter valued at about $25,000. Finally, SJS Investment Consulting Inc. increased its position in AMETEK by 393.1% during the first 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. Institutional investors own 87.43% of the company’s stock.

Insider Activity

In other news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction on 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 in the company, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

AMETEK Trading Down 1.6%

Shares of AMETEK stock opened at $250.21 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16. The company has a market capitalization of $57.35 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 3.26 and a beta of 0.98. 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) 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 period in the previous year, the company earned $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. On average, analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Analyst Ratings Changes

AME has been the subject of a number of recent research reports. Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Seaport Research Partners reaffirmed a “buy” rating and set a $290.00 target price on shares of AMETEK in a report on Wednesday, August 5th. KeyCorp lifted their price target on shares of AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. BNP Paribas Exane boosted their price target on AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.80.

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.