AMETEK, Inc. $AME Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in AMETEK, Inc. (NYSE:AME) by 1,002.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,612 shares of the technology company’s stock after purchasing an additional 120,583 shares during the period. QRG Capital Management Inc.’s holdings in AMETEK were worth $32,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in AMETEK during the 2nd quarter worth $4,725,928,000. Norges Bank acquired a new stake in shares of AMETEK during the fourth quarter worth about $831,372,000. Flossbach Von Storch SE acquired a new stake in shares of AMETEK during the second quarter worth about $662,352,000. Bank of New York Mellon Corp purchased a new stake in shares of AMETEK in the 2nd quarter valued at about $624,725,000. Finally, Bank of America Corp DE acquired a new stake in shares of AMETEK in the 2nd quarter valued at about $391,801,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME stock traded up $1.21 during mid-day trading on Wednesday, hitting $246.62. The stock had a trading volume of 1,466,552 shares, compared to its average volume of 1,300,398. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16. The firm has a market cap of $56.52 billion, a PE ratio of 36.06, a PEG ratio of 3.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The company’s 50-day simple moving average is $241.96 and its 200-day simple moving average is $232.71.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 net margin of 20.04% and a return on equity of 16.93%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Sell-side analysts anticipate that AMETEK, Inc. will post 8.32 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.34 dividend. 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 (DPR) is currently 19.88%.

Insider Activity at AMETEK

In related news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred 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 sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on AME. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Royal Bank Of Canada increased their price objective on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Morgan Stanley raised their target price on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Robert W. Baird set a $275.00 target price on shares of AMETEK in a report on Wednesday, August 5th. Finally, BNP Paribas Exane upped their price target on shares of AMETEK from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.69.

About AMETEK

AMETEK, Inc (NYSE: AME) is a diversified manufacturer of industrial technology products and solutions. The company develops equipment used to monitor, measure, test, control and analyze processes across a range of industrial and commercial applications.

AMETEK operates through two primary business groups: Electronic Instruments, which provides analytical, monitoring, testing and measurement equipment; and Electromechanical, which supplies automation systems, motors, power systems, aerospace and defense products, engineered materials and other specialized components.