Connor Clark & Lunn Investment Management Ltd. Invests $7.08 Million in AMETEK, Inc. $AME

Connor Clark & Lunn Investment Management Ltd. bought a new stake in AMETEK, Inc. (NYSE:AME) in the second quarter, HoldingsChannel.com reports. The firm bought 29,253 shares of the technology company’s stock, valued at approximately $7,077,000.

A number of other hedge funds have also bought and sold shares of AME. Frazier Financial Advisors LLC bought a new stake in AMETEK in the 2nd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of AMETEK during the 2nd quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in shares of AMETEK during the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. raised its position in shares of AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after buying an additional 123 shares in the last quarter. Finally, BOKF NA raised its position in shares of AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after buying an additional 84 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Stock Performance

NYSE AME opened at $245.47 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $56.26 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 3.09 and a beta of 0.98. The firm’s 50 day simple moving average is $241.62 and its 200 day simple moving average is $232.32. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. 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 expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

Analyst Upgrades and Downgrades

AME has been the topic of a number of analyst reports. KeyCorp increased their price target on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. DA Davidson upped their target price on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Barclays increased their target price on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Seaport Research Partners restated a “buy” rating and issued a $290.00 price target on shares of AMETEK in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.80.

Insider Activity at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

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.