Varma Mutual Pension Insurance Co Invests $17.24 Million in AMETEK, Inc. $AME

Varma Mutual Pension Insurance Co bought a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 71,275 shares of the technology company’s stock, valued at approximately $17,244,000.

A number of other hedge funds have also recently added to or reduced their stakes in AME. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock valued at $101,901,000 after purchasing an additional 28,621 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of AMETEK in the fourth quarter valued at approximately $1,027,000. Fifth Third Bancorp raised its stake in shares of AMETEK by 1,060.3% during the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock worth $17,781,000 after buying an additional 75,799 shares during the period. Wescott Financial Advisory Group LLC acquired a new position in shares of AMETEK during the 4th quarter worth approximately $1,122,000. Finally, Investment Management Corp VA ADV purchased a new position in shares of AMETEK during the 4th quarter valued at approximately $496,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on AME shares. BNP Paribas Exane boosted their price target on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a report on Thursday, June 18th. Mizuho set a $270.00 target price on shares of AMETEK in a research report on Friday, May 1st. Citigroup boosted their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and an average price target of $266.80.

AMETEK Trading Up 0.2%

Shares of AME stock opened at $239.67 on Friday. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. The firm has a market cap of $54.93 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98. The company has a 50-day moving average of $240.90 and a two-hundred day moving average of $231.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 EPS. 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, analysts predict that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Dividend Announcement

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

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider directly owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

About AMETEK

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.