EdgePoint Investment Group Inc. Decreases Stock Position in AMETEK, Inc. $AME

EdgePoint Investment Group Inc. lessened its stake in shares of AMETEK, Inc. (NYSE:AME) by 35.8% in the 1st quarter, Holdings Channel reports. The firm owned 1,874,241 shares of the technology company’s stock after selling 1,044,703 shares during the period. AMETEK makes up 3.2% of EdgePoint Investment Group Inc.’s investment portfolio, making the stock its 15th largest holding. EdgePoint Investment Group Inc.’s holdings in AMETEK were worth $401,762,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quantinno Capital Management LP increased its stake in AMETEK by 27.0% in the 1st quarter. Quantinno Capital Management LP now owns 160,562 shares of the technology company’s stock worth $34,418,000 after acquiring an additional 34,149 shares during the last quarter. SummitTX Capital L.P. increased its position in AMETEK by 68.6% in the first quarter. SummitTX Capital L.P. now owns 34,106 shares of the technology company’s stock worth $7,311,000 after purchasing an additional 13,877 shares during the last quarter. Lazard Asset Management LLC raised its stake in AMETEK by 4.6% during the first quarter. Lazard Asset Management LLC now owns 1,618,526 shares of the technology company’s stock valued at $346,947,000 after purchasing an additional 70,693 shares in the last quarter. Family Manage LLC purchased a new stake in AMETEK during the first quarter valued at $2,057,000. Finally, OMERS ADMINISTRATION Corp lifted its position in AMETEK by 125.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 18,598 shares of the technology company’s stock valued at $3,987,000 after purchasing an additional 10,338 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

AME has been the topic of a number of research reports. Citigroup initiated coverage on shares of AMETEK in a report on Monday, June 15th. They issued a “neutral” rating and a $257.00 target price on the stock. Wall Street Zen downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. DA Davidson reissued a “buy” rating and set a $265.00 price objective on shares of AMETEK in a research note on Monday, May 4th. Morgan Stanley upped their price objective on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada raised their price objective on AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average price target of $256.29.

AMETEK Stock Performance

Shares of NYSE:AME opened at $243.25 on Tuesday. The company has a market capitalization of $55.75 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 3.39 and a beta of 0.99. AMETEK, Inc. has a 12 month low of $175.61 and a 12 month high of $244.71. The firm’s 50-day moving average is $232.25 and its 200 day moving average is $227.82. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Research analysts predict that AMETEK, Inc. will post 8.14 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK’s payout ratio is presently 20.54%.

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.