Manning & Napier Advisors LLC Acquires New Holdings in AMETEK, Inc. $AME

Manning & Napier Advisors LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 476,929 shares of the technology company’s stock, valued at approximately $115,388,000. AMETEK accounts for 1.5% of Manning & Napier Advisors LLC’s holdings, making the stock its 22nd largest position. Manning & Napier Advisors LLC owned 0.21% of AMETEK as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of AME. L2 Asset Management LLC purchased a new position in shares of AMETEK in the 2nd quarter valued at $316,000. Asset One Wealth Management LLC purchased a new stake in shares of AMETEK during the 2nd quarter worth $262,000. Cibc World Market Inc. bought a new stake in AMETEK during the second quarter valued at about $1,956,000. OMERS ADMINISTRATION Corp purchased a new position in AMETEK in the second quarter valued at about $4,106,000. Finally, Tribune Investment Group LP purchased a new position in AMETEK in the second quarter valued at about $8,277,000. Institutional investors own 87.43% of the company’s stock.

Insider Activity

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

AMETEK Trading Up 1.1%

NYSE AME opened at $242.30 on Tuesday. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16. The company has a fifty day simple moving average of $241.14 and a two-hundred day simple moving average of $232.11. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The stock has a market cap of $55.53 billion, a P/E ratio of 35.42, a P/E/G ratio of 3.06 and a beta of 0.98.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company 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. 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued 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 dividend yield of 0.6%. AMETEK’s dividend payout ratio is currently 19.88%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BNP Paribas Exane increased their price target on shares of AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Citigroup boosted their price objective on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Mizuho set a $270.00 target price on shares of AMETEK in a research report on Friday, May 1st. Seaport Research Partners restated a “buy” rating and issued a $290.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. One investment 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. Based on data from MarketBeat.com, the company 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.