Man Group plc Buys Shares of 1,473,501 AMETEK, Inc. $AME

Man Group plc bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,473,501 shares of the technology company’s stock, valued at approximately $356,499,000. AMETEK makes up about 0.6% of Man Group plc’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds also recently made changes to their positions in AME. Frazier Financial Advisors LLC bought a new stake in shares of AMETEK during the 2nd quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in AMETEK during the 2nd quarter worth approximately $25,000. Fiduciary Financial Advisors bought a new position in AMETEK in the 2nd quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new stake in AMETEK in the fourth quarter valued at approximately $28,000. Finally, Brown Lisle Cummings Inc. boosted its position in 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. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Price Performance

Shares of NYSE:AME opened at $241.83 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The firm has a market cap of $55.43 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.98. The firm’s fifty day moving average is $241.33 and its 200-day moving average is $232.21.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion during 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%.AMETEK’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $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. Sell-side analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Dividend Announcement

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

Insider Buying and Selling at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AME. Citigroup increased their price target on AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Morgan Stanley boosted their price objective on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Truist Financial upped their target price on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target 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.