Connor Clark & Lunn Investment Management Ltd. Takes $7.08 Million Position in AMETEK, Inc. $AME

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,253 shares of the technology company’s stock, valued at approximately $7,077,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Frazier Financial Advisors LLC bought a new stake in AMETEK during the 2nd quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK in the second quarter valued at about $25,000. MV Capital Management Inc. acquired a new stake in shares of AMETEK in the fourth quarter valued at about $28,000. Brown Lisle Cummings Inc. raised its holdings in AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Finally, BOKF NA boosted its position in AMETEK by 137.7% during the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AME shares. Wall Street Zen lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research note on Thursday, June 18th. Citigroup boosted their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Truist Financial upped their price target on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Mizuho set a $270.00 price target on shares of AMETEK in a research note on Friday, May 1st. One research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.80.

AMETEK Trading Up 1.5%

Shares of AMETEK stock opened at $245.47 on Thursday. 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 business has a fifty day simple moving average of $241.62 and a two-hundred day simple moving average of $232.32. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The company has a market capitalization of $56.26 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 3.09 and a beta of 0.98.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 net margin of 20.04% and a return on equity of 16.93%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts forecast that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Announces Dividend

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

Insider Transactions at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

AMETEK 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.