The Manufacturers Life Insurance Company Acquires New Position in AMETEK, Inc. $AME

The Manufacturers Life Insurance Company purchased a new position in AMETEK, Inc. (NYSE:AME) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 402,699 shares of the technology company’s stock, valued at approximately $97,429,000.

Several other institutional investors have also recently modified their holdings of AME. Frazier Financial Advisors LLC purchased a new position in AMETEK during the 2nd quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of AMETEK in the second quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in AMETEK in the 2nd quarter worth about $27,000. MV Capital Management Inc. acquired a new position in shares of AMETEK during the 4th quarter worth approximately $28,000. Finally, Brown Lisle Cummings Inc. lifted 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 valued at $29,000 after purchasing an additional 123 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Price Performance

AMETEK stock opened at $241.83 on Wednesday. The company has a fifty day simple moving average of $241.33 and a 200-day simple moving average of $232.21. The stock has a market cap of $55.43 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.98. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09.

AMETEK (NYSE:AME) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts expect that AMETEK, Inc. will post 8.33 EPS for the current fiscal 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 $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK’s dividend payout ratio is currently 19.88%.

Insider Activity

In related news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup raised their target price on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Mizuho set a $270.00 target price on shares of AMETEK in a report on Friday, May 1st. Royal Bank Of Canada upped their price target on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Truist Financial upped their price objective on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus target price 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.