AMETEK, Inc. $AME Stake Increased by TD Asset Management Inc

TD Asset Management Inc lifted its stake in AMETEK, Inc. (NYSE:AME) by 78.5% during the fourth quarter, HoldingsChannel reports. The fund owned 177,065 shares of the technology company’s stock after purchasing an additional 77,844 shares during the quarter. TD Asset Management Inc’s holdings in AMETEK were worth $36,353,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AME. Norges Bank acquired a new position in shares of AMETEK in the fourth quarter worth $831,372,000. Nordea Investment Management AB increased its stake in shares of AMETEK by 825.0% in the fourth quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock worth $176,153,000 after acquiring an additional 760,410 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of AMETEK by 35.7% in the third quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after acquiring an additional 695,419 shares during the last quarter. Man Group plc increased its stake in shares of AMETEK by 411.8% in the third quarter. Man Group plc now owns 785,020 shares of the technology company’s stock worth $147,584,000 after acquiring an additional 631,649 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of AMETEK in the third quarter worth $118,311,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AME shares. Morgan Stanley upped their price target on shares of AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. Robert W. Baird set a $244.00 price target on shares of AMETEK in a research note on Friday, May 1st. Wall Street Zen downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $275.00 price target (up from $265.00) on shares of AMETEK in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.33.

Insider Activity

In other news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total value of $114,893.40. Following the sale, the director directly owned 4,480 shares of the company’s stock, valued at approximately $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

AMETEK Trading Down 0.8%

AMETEK stock opened at $227.01 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. The company has a market capitalization of $52.03 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.18 and a beta of 1.00. AMETEK, Inc. has a one year low of $174.43 and a one year high of $243.18. The company’s fifty day moving average price is $227.54 and its two-hundred day moving average price is $219.17.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, analysts forecast that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.

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.