Glenview Trust Co Acquires Shares of 3,291 AMETEK, Inc. $AME

Glenview Trust Co purchased a new position in AMETEK, Inc. (NYSE:AME) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,291 shares of the technology company’s stock, valued at approximately $796,000.

Other large investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in shares of AMETEK during the second quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new position in AMETEK during the second quarter valued at $27,000. Elevation Wealth Partners LLC boosted its holdings in AMETEK by 239.5% in the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after acquiring an additional 91 shares in the last quarter. MV Capital Management Inc. purchased a new stake in shares of AMETEK in the fourth quarter worth $28,000. Finally, Brown Lisle Cummings Inc. increased 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 valued at $29,000 after acquiring an additional 123 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 completion of the sale, the insider owned 42,509 shares of the company’s stock, valued at $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AME shares. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. Barclays upped their target price on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. DA Davidson increased their price target on shares of AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and set a $290.00 price target on shares of AMETEK in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada upped their price objective on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.80.

AMETEK Price Performance

AME opened at $236.66 on Friday. The company’s 50-day simple moving average is $241.73 and its two-hundred day simple moving average is $232.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The stock has a market capitalization of $54.24 billion, a P/E ratio of 34.60, a P/E/G ratio of 3.11 and a beta of 0.98. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16.

AMETEK (NYSE:AME) last released its quarterly earnings data 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 firm 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 firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, analysts predict that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Announces Dividend

The company 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 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 presently 19.88%.

AMETEK Company 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.