TimesSquare Capital Management LLC Makes New $51.31 Million Investment in AMETEK, Inc. $AME

TimesSquare Capital Management LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 212,095 shares of the technology company’s stock, valued at approximately $51,314,000. TimesSquare Capital Management LLC owned about 0.09% of AMETEK as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in AMETEK during the 2nd quarter worth approximately $295,000. Baird Financial Group Inc. lifted its stake in shares of AMETEK by 16.1% during the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after buying an additional 2,323 shares during the period. NewEdge Advisors LLC lifted its stake in shares of AMETEK by 65.0% during the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after buying an additional 1,555 shares during the period. Sei Investments Co. grew its holdings 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 valued at $40,392,000 after buying an additional 61,672 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of AMETEK by 105.3% in the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after acquiring an additional 81,178 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

NYSE:AME opened at $254.81 on Tuesday. 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 company has a 50 day moving average price of $239.55 and a 200-day moving average price of $231.51. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK’s dividend payout ratio (DPR) is 19.88%.

Insider Buying and Selling at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of AMETEK 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 owned 42,509 shares in the company, valued at $10,797,286. The trade was a 13.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AME. Seaport Research Partners reaffirmed a “buy” rating and set a $290.00 price target on shares of AMETEK in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Mizuho set a $270.00 price objective on AMETEK in a research note on Friday, May 1st. Rothschild & Co Redburn set a $265.00 target price on AMETEK in a report on Thursday, June 18th. Finally, DA Davidson upped their target price on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.