Bank of Nova Scotia Buys 31,443 Shares of AMETEK, Inc. $AME

Bank of Nova Scotia lifted its stake in AMETEK, Inc. (NYSE:AME) by 30.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,015 shares of the technology company’s stock after buying an additional 31,443 shares during the period. Bank of Nova Scotia owned about 0.06% of AMETEK worth $25,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AME. Parallel Advisors LLC increased its holdings in AMETEK by 2.0% in the 3rd quarter. Parallel Advisors LLC now owns 2,766 shares of the technology company’s stock valued at $520,000 after buying an additional 53 shares during the period. Biltmore Wealth Management LLC raised its position in AMETEK by 1.1% in the third quarter. Biltmore Wealth Management LLC now owns 4,771 shares of the technology company’s stock worth $897,000 after purchasing an additional 54 shares in the last quarter. Brooklyn Investment Group raised its position in AMETEK by 3.2% in the third quarter. Brooklyn Investment Group now owns 1,735 shares of the technology company’s stock worth $326,000 after purchasing an additional 54 shares in the last quarter. Cim LLC boosted its holdings in AMETEK by 0.7% during the third quarter. Cim LLC now owns 7,645 shares of the technology company’s stock valued at $1,437,000 after purchasing an additional 56 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its holdings in shares of AMETEK by 3.0% in the 3rd quarter. HighPoint Advisor Group LLC now owns 2,070 shares of the technology company’s stock worth $389,000 after buying an additional 60 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Up 0.0%

AMETEK stock opened at $214.53 on Tuesday. The company has a market cap of $49.14 billion, a P/E ratio of 33.52, a price-to-earnings-growth 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 1-year low of $145.02 and a 1-year high of $242.05.

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

AMETEK Increases Dividend

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

Insider Transactions at AMETEK

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

Wall Street Analysts Forecast Growth

AME has been the topic of a number of research analyst reports. DA Davidson restated a “buy” rating and set a $240.00 price target on shares of AMETEK in a research report on Wednesday, February 4th. Morgan Stanley boosted their price objective on AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Robert W. Baird set a $245.00 target price on AMETEK in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $257.00 price objective on shares of AMETEK in a research note on Wednesday, February 4th. One 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, the company has an average rating of “Moderate Buy” and a consensus target price of $244.82.

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.