North Star Asset Management Inc. Acquires New Holdings in AMETEK, Inc. $AME

North Star Asset Management Inc. purchased a new stake in AMETEK, Inc. (NYSE:AME) during the second quarter, according to its most recent filing with the SEC. The firm purchased 169,798 shares of the technology company’s stock, valued at approximately $41,081,000. AMETEK accounts for 1.6% of North Star Asset Management Inc.’s portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Sivia Capital Partners LLC bought a new position in shares of AMETEK during the 2nd quarter worth approximately $295,000. Baird Financial Group Inc. boosted its stake in AMETEK by 16.1% in the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock valued at $3,037,000 after acquiring an additional 2,323 shares in the last quarter. NewEdge Advisors LLC grew its holdings in AMETEK by 65.0% in the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after purchasing an additional 1,555 shares during the last quarter. Sei Investments Co. increased its position in shares of AMETEK by 38.2% during the second quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after purchasing an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of AMETEK by 105.3% during the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after purchasing an additional 81,178 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Price Performance

AMETEK stock opened at $243.18 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 capitalization of $55.74 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.13 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $241.74 and a 200-day simple moving average of $232.39.

AMETEK (NYSE:AME) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, equities analysts anticipate that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 0.6%. AMETEK’s dividend payout ratio is presently 19.88%.

Analyst Upgrades and Downgrades

AME has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Robert W. Baird set a $275.00 target price on shares of AMETEK in a research report on Wednesday, August 5th. Citigroup upped their price target on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. KeyCorp raised their price target on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, BNP Paribas Exane lifted their price objective 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 given a Hold rating to the company’s stock. According to MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $266.80.

Insiders Place Their Bets

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

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.