Glenview Trust Co Invests $796,000 in AMETEK, Inc. $AME

Glenview Trust Co acquired a new stake in shares of AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,291 shares of the technology company’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. Florida Financial Advisors LLC grew its position in AMETEK by 2.2% during the fourth quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock valued at $406,000 after acquiring an additional 43 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of AMETEK by 0.4% in the 4th quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock valued at $2,218,000 after purchasing an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC grew its holdings in shares of AMETEK by 4.0% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock valued at $257,000 after purchasing an additional 48 shares during the last quarter. Washington Trust Advisors Inc. raised its position in AMETEK by 6.2% in the 4th quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock worth $175,000 after purchasing an additional 50 shares during the period. Finally, Root Financial Partners LLC lifted its stake in AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock worth $69,000 after purchasing an additional 50 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Trading Down 2.9%

AME opened at $236.66 on Friday. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The business has a 50 day simple moving average of $241.73 and a two-hundred day simple moving average of $232.42. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 3.11 and a beta of 0.98.

AMETEK (NYSE:AME) last posted its earnings results 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 analysts’ expectations of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts predict that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Dividend Announcement

The business 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 $0.34 dividend. 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 19.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Seaport Research Partners reiterated a “buy” rating and issued a $290.00 price objective on shares of AMETEK in a report on Wednesday, August 5th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. KeyCorp lifted 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. Truist Financial increased their price objective on AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley lifted their target price on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $266.80.

Insider Activity at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.