Van ECK Associates Corp Makes New $10.04 Million Investment in AMETEK, Inc. $AME

Van ECK Associates Corp purchased a new position in shares of AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 41,505 shares of the technology company’s stock, valued at approximately $10,042,000.

A number of other hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after buying an additional 28,621 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of AMETEK during the 4th quarter valued at approximately $1,027,000. Wescott Financial Advisory Group LLC purchased a new stake in AMETEK in the 4th quarter worth approximately $1,122,000. Fifth Third Bancorp raised its stake in AMETEK by 1,060.3% during the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock worth $17,781,000 after acquiring an additional 75,799 shares during the period. Finally, Jennison Associates LLC raised its stake in AMETEK by 93.0% during the 1st quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock worth $55,025,000 after acquiring an additional 123,719 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 the 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 transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

AMETEK Trading Down 1.7%

Shares of AMETEK stock opened at $231.07 on Wednesday. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $241.54 and a 200-day moving average price of $232.40. The firm has a market cap of $52.96 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 3.00 and a beta of 0.98.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping 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 period in the previous year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio is 19.88%.

Analysts Set New Price Targets

A number of research firms have weighed in on AME. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. DA Davidson lifted their target price on shares of AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Citigroup upped their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, KeyCorp boosted their price objective on AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating 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, AMETEK currently has a consensus 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.