Meeder Asset Management Inc. Purchases Shares of 3,009 AMETEK, Inc. $AME

Meeder Asset Management Inc. acquired a new position in AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,009 shares of the technology company’s stock, valued at approximately $728,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AME. Elevation Wealth Partners LLC grew its stake in AMETEK by 239.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of AMETEK during the 4th quarter worth $28,000. Brown Lisle Cummings Inc. lifted its holdings in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in AMETEK in the second quarter worth $25,000. Finally, SJS Investment Consulting Inc. increased its stake in AMETEK by 393.1% in the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Stock Down 1.6%

AME opened at $250.21 on Wednesday. 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. The business’s 50-day moving average price is $239.95 and its 200-day moving average price is $231.70. The company has a market cap of $57.35 billion, a P/E ratio of 36.58, a P/E/G ratio of 3.26 and a beta of 0.98.

AMETEK (NYSE:AME) last issued 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 during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business posted $1.78 EPS. AMETEK’s quarterly revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, equities analysts expect that AMETEK, Inc. will post 8.33 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 issued a $0.34 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Analyst Ratings Changes

AME has been the subject of several research analyst reports. Wall Street Zen lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings raised AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. DA Davidson increased their price target on shares of AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Truist Financial lifted their price target on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target 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 shares were 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.

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.