Varma Mutual Pension Insurance Co Makes New Investment in AMETEK, Inc. $AME

Varma Mutual Pension Insurance Co purchased a new stake in AMETEK, Inc. (NYSE:AME) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 71,275 shares of the technology company’s stock, valued at approximately $17,244,000.

A number of other large investors have also recently bought and sold shares of AME. Frazier Financial Advisors LLC purchased a new stake in shares of AMETEK in the second quarter valued at about $25,000. Elevation Wealth Partners LLC grew its holdings in shares of AMETEK by 239.5% during the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. MV Capital Management Inc. acquired a new position in AMETEK in the 4th quarter valued at about $28,000. Brown Lisle Cummings Inc. increased its position in AMETEK by 878.6% in the 1st 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 during the period. Finally, Darwin Wealth Management LLC purchased a new stake in AMETEK during the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated 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 in the company, valued at $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the subject of several analyst reports. KeyCorp upped their price target on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Wall Street Zen cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Citigroup upped their price objective on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane raised their target price on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.80.

AMETEK Stock Performance

Shares of AME stock opened at $239.67 on Friday. The stock has a fifty day moving average price of $240.90 and a 200 day moving average price of $231.99. 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 cap of $54.93 billion, a PE ratio of 35.04, a P/E/G ratio of 3.06 and a beta of 0.98. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS 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 analyst estimates of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business 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 forecast 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. Stockholders of record on Tuesday, September 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is currently 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.