Cornerstone Capital Inc. Takes $32.35 Million Position in AMETEK, Inc. $AME

Cornerstone Capital Inc. purchased a new position in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 133,730 shares of the technology company’s stock, valued at approximately $32,355,000. AMETEK accounts for approximately 2.9% of Cornerstone Capital Inc.’s investment portfolio, making the stock its 10th largest position. Cornerstone Capital Inc. owned 0.06% of AMETEK as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AME. State Street Corp boosted its stake in shares of AMETEK by 2.0% during the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock worth $2,044,140,000 after acquiring an additional 192,677 shares during the period. Geode Capital Management LLC raised its stake in AMETEK by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock valued at $1,204,722,000 after acquiring an additional 37,651 shares during the period. Invesco Ltd. lifted its holdings in AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after purchasing an additional 209,043 shares during the last quarter. Norges Bank bought a new position in AMETEK during the fourth quarter worth $831,372,000. Finally, Morgan Stanley boosted its position in AMETEK by 2.9% during the fourth quarter. Morgan Stanley now owns 3,963,062 shares of the technology company’s stock worth $813,657,000 after purchasing an additional 110,037 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

AMETEK Price Performance

NYSE:AME opened at $254.98 on Friday. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The firm has a market cap of $58.44 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 3.27 and a beta of 0.98. The firm’s 50-day simple moving average is $238.97 and its 200 day simple moving average is $231.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21.

AMETEK (NYSE:AME) last announced its 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 analyst estimates of $1.95 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business’s 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. As a group, sell-side analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

The business 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. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is 19.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AME. Weiss Ratings upgraded shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. Mizuho set a $270.00 price objective on shares of AMETEK in a research report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Finally, Morgan Stanley increased their target price on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. One investment 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 company. According to MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.80.

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.