Sumitomo Life Insurance Co. Takes Position in AMETEK, Inc. $AME

Sumitomo Life Insurance Co. acquired a new position in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,915 shares of the technology company’s stock, valued at approximately $2,399,000.

Other large investors have also made changes to their positions in the company. Korea Investment CORP acquired a new position in AMETEK in the second quarter valued at $44,203,000. EP Wealth Advisors LLC purchased a new stake in AMETEK during the second quarter valued at about $14,679,000. Ieq Capital LLC acquired a new stake in AMETEK during the second quarter worth about $11,640,000. Callan Family Office LLC purchased a new position in shares of AMETEK in the 2nd quarter worth about $1,116,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of AMETEK in the 2nd quarter worth about $81,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Stock Performance

AMETEK stock opened at $239.67 on Friday. The firm has a market capitalization of $54.93 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The stock’s 50 day moving average price is $240.90 and its 200 day moving average price is $231.99. 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 issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. AMETEK’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the company 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. As a group, sell-side analysts expect that AMETEK, Inc. will post 8.32 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is presently 19.88%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. BNP Paribas Exane raised their price target on shares of AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Mizuho set a $270.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Finally, Truist Financial increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $266.80.

Insiders Place Their Bets

In related news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction 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 sale, the insider owned 42,509 shares of the company’s stock, valued at $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

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.