Legal & General Group Plc Takes Position in AMETEK, Inc. $AME

Legal & General Group Plc bought a new stake in AMETEK, Inc. (NYSE:AME) in the second quarter, HoldingsChannel.com reports. The fund bought 1,306,196 shares of the technology company’s stock, valued at approximately $316,021,000.

A number of other hedge funds also recently bought and sold shares of AME. Frazier Financial Advisors LLC bought a new position in AMETEK during the second quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in shares of AMETEK in the 2nd quarter worth about $25,000. Fiduciary Financial Advisors purchased a new stake in shares of AMETEK during the 2nd quarter valued at about $27,000. MV Capital Management Inc. purchased a new stake in shares of AMETEK during the 4th quarter valued at about $28,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of NYSE:AME opened at $241.83 on Wednesday. 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, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.10 and a beta of 0.98. The firm’s 50-day moving average is $241.33 and its 200 day moving average is $232.21.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Research analysts predict that AMETEK, Inc. will post 8.33 EPS for the current year.

AMETEK Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on AME shares. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Mizuho set a $270.00 price objective on AMETEK in a research note on Friday, May 1st. Robert W. Baird set a $275.00 target price on AMETEK in a report on Wednesday, August 5th. DA Davidson increased their price target on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. 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 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.80.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the transaction, the insider owned 42,509 shares in the company, valued at $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

AMETEK 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.