NEOS Investment Management LLC Acquires 3,990 Shares of AMETEK, Inc. $AME

NEOS Investment Management LLC lifted its holdings in shares of AMETEK, Inc. (NYSE:AME) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,017 shares of the technology company’s stock after buying an additional 3,990 shares during the period. NEOS Investment Management LLC’s holdings in AMETEK were worth $8,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in AMETEK during the fourth quarter worth $1,027,000. Wescott Financial Advisory Group LLC acquired a new stake in AMETEK in the fourth quarter valued at $1,122,000. Fifth Third Bancorp lifted its stake in AMETEK by 1,060.3% in the first quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after acquiring an additional 75,799 shares during the last quarter. Jennison Associates LLC grew its position in shares of AMETEK by 93.0% in the 1st quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock valued at $55,025,000 after acquiring an additional 123,719 shares during the period. Finally, Erste Asset Management GmbH increased its stake in shares of AMETEK by 191.8% during the 4th quarter. Erste Asset Management GmbH now owns 44,123 shares of the technology company’s stock worth $9,161,000 after purchasing an additional 29,002 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Up 1.5%

Shares of AME opened at $237.80 on Friday. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The firm has a market cap of $54.50 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.99. The firm’s 50-day simple moving average is $241.37 and its 200 day simple moving average is $232.50. 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 (NYSE:AME) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $1.78 earnings per share. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. 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 forecast that AMETEK, Inc. will post 8.32 earnings per share for the current year.

AMETEK Announces Dividend

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

Insider Transactions at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AME. Morgan Stanley raised their target price on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research report on Thursday, June 18th. DA Davidson upped their price objective on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Citigroup raised their price objective on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $275.00 target price on AMETEK in a report on Wednesday, August 5th. 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 company. According to data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average target price of $266.80.

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.