Engineers Gate Manager LP Sells 157,940 Shares of AMETEK, Inc. $AME

Engineers Gate Manager LP decreased its position in shares of AMETEK, Inc. (NYSE:AME) by 71.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,237 shares of the technology company’s stock after selling 157,940 shares during the quarter. Engineers Gate Manager LP’s holdings in AMETEK were worth $15,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of AMETEK by 22,187.0% in the 2nd quarter. California State Teachers Retirement System now owns 86,405,968 shares of the technology company’s stock valued at $20,905,060,000 after purchasing an additional 86,018,272 shares during the last quarter. BlackRock Inc. bought a new stake in AMETEK during the second quarter valued at $4,725,928,000. State Street Corp grew its holdings in AMETEK by 2.0% during the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock worth $2,044,140,000 after acquiring an additional 192,677 shares during the period. Geode Capital Management LLC raised its position in shares of AMETEK by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock worth $1,204,722,000 after acquiring an additional 37,651 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after purchasing an additional 209,043 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

AME has been the subject of a number of research analyst reports. Truist Financial lifted their target price on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. KeyCorp lifted their price objective on shares of AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. Finally, TD Cowen reissued a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and a consensus target price of $266.06.

AMETEK Trading Down 0.5%

Shares of AMETEK stock opened at $236.63 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The stock has a 50 day moving average price of $241.28 and a two-hundred day moving average price of $232.61. The stock has a market capitalization of $54.24 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 3.04 and a beta of 0.99.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share 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 analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. AMETEK’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. As a group, equities analysts anticipate that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.34 per share. 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 presently 19.88%.

Insider Buying and Selling at AMETEK

In other news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction dated Friday, August 7th. The shares were 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 $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

AMETEK Profile

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.