26,802 Shares in AMETEK, Inc. $AME Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC purchased a new stake in AMETEK, Inc. (NYSE:AME) in the second quarter, HoldingsChannel reports. The institutional investor purchased 26,802 shares of the technology company’s stock, valued at approximately $6,485,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of AMETEK in the 2nd quarter valued at about $4,725,928,000. State Street Corp boosted its position in shares of AMETEK by 2.0% in the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock valued at $2,044,140,000 after purchasing an additional 192,677 shares during the period. Geode Capital Management LLC grew its stake in AMETEK by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock worth $1,204,722,000 after buying an additional 37,651 shares during the last quarter. Invesco Ltd. grew its stake in AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock worth $839,141,000 after buying an additional 209,043 shares during the last quarter. Finally, Norges Bank acquired a new position in AMETEK during the fourth quarter worth approximately $831,372,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Up 0.2%

AME opened at $239.67 on Friday. The business has a 50 day moving average price of $240.90 and a two-hundred day moving average price of $231.99. 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 company has a market cap of $54.93 billion, a PE ratio of 35.04, a P/E/G ratio of 3.06 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 announced its earnings results 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. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. 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, research analysts anticipate that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Announces Dividend

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

Analysts Set New Price Targets

AME has been the subject of a number of research reports. Truist Financial boosted their price objective on AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley lifted their target price on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. TD Cowen reiterated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Finally, Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.80.

Insider Buying and Selling at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.