Bank of Nova Scotia Has $17.55 Million Position in AMETEK, Inc. $AME

Bank of Nova Scotia increased its position in shares of AMETEK, Inc. (NYSE:AME) by 26.2% in the first quarter, Holdings Channel reports. The institutional investor owned 81,884 shares of the technology company’s stock after buying an additional 17,023 shares during the period. Bank of Nova Scotia’s holdings in AMETEK were worth $17,553,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AME. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK in the second quarter valued at approximately $25,000. CoreCap Advisors LLC boosted its holdings in AMETEK by 84.3% during the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. MV Capital Management Inc. acquired a new position in AMETEK during the fourth quarter worth $28,000. Brown Lisle Cummings Inc. grew 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 purchasing an additional 123 shares in the last quarter. Finally, BOKF NA increased its stake in AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after buying an additional 84 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Stock Up 0.4%

AMETEK stock opened at $242.10 on Friday. The firm has a market capitalization of $55.49 billion, a PE ratio of 36.57, a P/E/G ratio of 3.39 and a beta of 0.99. The company’s 50-day moving average is $231.91 and its 200-day moving average is $227.51. AMETEK, Inc. has a fifty-two week low of $175.61 and a fifty-two week high of $244.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $1.75 EPS. AMETEK’s revenue was up 11.3% on a year-over-year basis. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. Sell-side analysts anticipate that AMETEK, Inc. will post 8.14 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is presently 20.54%.

Analyst Ratings Changes

AME has been the topic of several analyst reports. Mizuho set a $270.00 price target on shares of AMETEK in a research report on Friday, May 1st. Robert W. Baird set a $244.00 target price on AMETEK in a research report on Friday, May 1st. Wall Street Zen lowered AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Morgan Stanley increased their price target on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Finally, DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.29.

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.