Old West Investment Management LLC Buys New Position in AMETEK, Inc. $AME

Old West Investment Management LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,970 shares of the technology company’s stock, valued at approximately $3,138,000.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of AMETEK during the fourth quarter valued at approximately $831,372,000. Bank of New York Mellon Corp purchased a new position in shares of AMETEK in the second quarter valued at $624,725,000. Wellington Management Group LLP boosted its stake in shares of AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after purchasing an additional 2,110,818 shares during the period. Balyasny Asset Management L.P. grew its holdings in AMETEK by 539.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock valued at $219,796,000 after purchasing an additional 903,061 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in AMETEK by 35.7% during the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after buying an additional 695,419 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Up 0.1%

NYSE AME opened at $254.98 on Monday. The company has a market capitalization of $58.44 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98. 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, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. The company’s fifty day moving average price is $238.97 and its two-hundred day moving average price is $231.27.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The company’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. As a group, research analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.5%. AMETEK’s dividend payout ratio is presently 19.88%.

Analyst Ratings Changes

A number of brokerages have commented on AME. TD Cowen reiterated a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. Robert W. Baird set a $275.00 target price on AMETEK in a research report on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research note on Thursday, June 18th. Morgan Stanley raised their price objective on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada lifted their price objective on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and a consensus price target of $266.80.

Insider Buying and Selling

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 stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by corporate 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.