Cibc World Market Inc. Buys Shares of 8,084 AMETEK, Inc. $AME

Cibc World Market Inc. bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,084 shares of the technology company’s stock, valued at approximately $1,956,000.

A number of other hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 worth $101,901,000 after purchasing an additional 28,621 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of AMETEK during the 4th quarter valued at approximately $1,027,000. Fifth Third Bancorp raised its position 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 valued at $17,781,000 after purchasing an additional 75,799 shares during the period. Wescott Financial Advisory Group LLC bought a new position in shares of AMETEK in the fourth quarter worth about $1,122,000. Finally, Pictet Asset Management Holding SA boosted its stake in AMETEK by 7.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 120,201 shares of the technology company’s stock worth $24,678,000 after purchasing an additional 8,131 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred on 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 sale, the insider owned 42,509 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AME. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Morgan Stanley upped their target price on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. TD Cowen reissued a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Seaport Research Partners reiterated a “buy” rating and set a $290.00 price objective on shares of AMETEK in a report on Wednesday, August 5th. Finally, Citigroup boosted their target price on AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.80.

AMETEK Stock Up 1.5%

AME opened at $245.47 on Thursday. The company has a market cap of $56.26 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.98. The company has a 50-day moving average price of $241.62 and a 200 day moving average price of $232.32. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm’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. Sell-side analysts expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

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.