The Manufacturers Life Insurance Company Invests $97.43 Million in AMETEK, Inc. $AME

The Manufacturers Life Insurance Company acquired a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 402,699 shares of the technology company’s stock, valued at approximately $97,429,000. The Manufacturers Life Insurance Company owned 0.18% of AMETEK at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AME. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after acquiring an additional 28,621 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of AMETEK during the 4th quarter valued at about $1,027,000. Fifth Third Bancorp grew its position in AMETEK by 1,060.3% in the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock worth $17,781,000 after purchasing an additional 75,799 shares during the period. Wescott Financial Advisory Group LLC bought a new stake in shares of AMETEK in the fourth quarter worth $1,122,000. Finally, Pictet Asset Management Holding SA increased its position in shares of AMETEK by 7.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 120,201 shares of the technology company’s stock valued at $24,678,000 after purchasing an additional 8,131 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Trading Down 0.2%

AME opened at $241.83 on Wednesday. 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 stock’s fifty day moving average is $241.33 and its two-hundred day moving average is $232.21. The company has a market capitalization of $55.43 billion, a P/E ratio of 35.36, a PEG ratio of 3.10 and a beta of 0.98. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16.

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. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. The firm’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. Analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Dividend Announcement

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

Insider Buying and Selling

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 sale, the insider directly owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AME shares. Truist Financial upped their price objective on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird set a $275.00 target price on shares of AMETEK in a report on Wednesday, August 5th. Citigroup increased their price target on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and issued a $290.00 price objective on shares of AMETEK in a research note on Wednesday, August 5th. Finally, DA Davidson boosted 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 research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.