Caisse de depot et placement du Quebec Acquires Shares of 238,165 AMETEK, Inc. $AME

Caisse de depot et placement du Quebec bought a new stake in AMETEK, Inc. (NYSE:AME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 238,165 shares of the technology company’s stock, valued at approximately $57,622,000. Caisse de depot et placement du Quebec owned approximately 0.10% of AMETEK as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gallagher Fiduciary Advisors LLC bought a new stake in shares of AMETEK in the 2nd quarter worth about $517,000. Odyssean LLC grew its stake in AMETEK by 276.3% in the second quarter. Odyssean LLC now owns 8,677 shares of the technology company’s stock worth $2,099,000 after purchasing an additional 6,371 shares in the last quarter. Man Group plc bought a new stake in AMETEK in the second quarter valued at about $356,499,000. Jupiter Topco LLC acquired a new stake in AMETEK during the second quarter valued at approximately $66,346,000. Finally, Hsbc Holdings PLC bought a new position in AMETEK during the 2nd quarter worth approximately $302,345,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Activity at AMETEK

In other news, insider David F. 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 transaction of $1,678,432.00. Following the sale, the insider owned 42,509 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

AMETEK Price Performance

Shares of NYSE AME opened at $243.18 on Friday. 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 firm has a market capitalization of $55.74 billion, a PE ratio of 35.55, a P/E/G ratio of 3.13 and a beta of 0.98. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. The business’s fifty day moving average price is $241.74 and its two-hundred day moving average price is $232.39.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The company’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. On average, research analysts expect that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AME shares. TD Cowen restated a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Mizuho set a $270.00 target price on shares of AMETEK in a report on Friday, May 1st. Truist Financial raised their price target on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research report on Thursday, June 18th. One 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. 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.