Bank of Nova Scotia Has $25.38 Million Stock Holdings in AMETEK, Inc. $AME

Bank of Nova Scotia increased its position in shares of AMETEK, Inc. (NYSE:AME) by 30.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 135,015 shares of the technology company’s stock after acquiring an additional 31,443 shares during the quarter. Bank of Nova Scotia’s holdings in AMETEK were worth $25,383,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of AMETEK by 4.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company’s stock worth $384,096,000 after buying an additional 94,645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in AMETEK by 22.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company’s stock valued at $7,116,000 after acquiring an additional 6,911 shares during the last quarter. Nordea Investment Management AB raised its stake in AMETEK by 246.0% during the third quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock worth $17,344,000 after acquiring an additional 65,537 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of AMETEK in the third quarter worth about $118,311,000. Finally, Valley National Advisers Inc. bought a new position in shares of AMETEK in the third quarter worth about $2,061,000. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AME. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Robert W. Baird set a $245.00 price target on AMETEK in a research note on Thursday, February 5th. Mizuho set a $235.00 price objective on AMETEK in a report on Wednesday, February 4th. KeyCorp boosted their target price on shares of AMETEK from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Barclays increased their price target on AMETEK from $210.00 to $220.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $244.82.

AMETEK Stock Performance

NYSE AME opened at $214.53 on Tuesday. The company has a market cap of $49.14 billion, a P/E ratio of 33.52, a PEG ratio of 3.07 and a beta of 1.02. The company has a fifty day simple moving average of $224.83 and a 200 day simple moving average of $204.43. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $242.05.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.07. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Sell-side analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.34 dividend. This is a boost from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is presently 19.38%.

Insider Activity at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the completion of the transaction, the vice president owned 22,116 shares in the company, valued at $4,534,885.80. This trade represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by corporate 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.