TimesSquare Capital Management LLC Purchases New Shares in AMETEK, Inc. $AME

TimesSquare Capital Management LLC purchased a new position in 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. The fund purchased 212,095 shares of the technology company’s stock, valued at approximately $51,314,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AME. Sivia Capital Partners LLC acquired a new stake in shares of AMETEK in the second quarter valued at about $295,000. Baird Financial Group Inc. raised its position in shares of AMETEK by 16.1% during the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 2,323 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of AMETEK by 65.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after purchasing an additional 1,555 shares during the last quarter. Sei Investments Co. lifted its stake in AMETEK by 38.2% in the 2nd 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 in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in AMETEK by 105.3% in the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after buying an additional 81,178 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Trading Up 0.0%

AME opened at $254.81 on Tuesday. The firm has a market capitalization 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. The company’s 50 day simple moving average is $239.55 and its two-hundred day simple moving average is $231.51. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business 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 business earned $1.78 earnings per share. 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. Analysts expect that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced 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 0.5%. The ex-dividend date is Tuesday, September 15th. AMETEK’s dividend payout ratio is presently 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 on 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 sale, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Cowen reiterated a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. DA Davidson lifted their price target on AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Mizuho set a $270.00 price target on AMETEK in a research report on Friday, May 1st. Rothschild & Co Redburn set a $265.00 price objective on AMETEK in a research note on Thursday, June 18th. Finally, Barclays raised their price objective on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.