HighTower Advisors LLC Has $11.98 Million Position in AMETEK, Inc. $AME

HighTower Advisors LLC lowered its position in AMETEK, Inc. (NYSE:AME) by 5.7% in the second quarter, Holdings Channel.com reports. The fund owned 49,535 shares of the technology company’s stock after selling 2,972 shares during the period. HighTower Advisors LLC’s holdings in AMETEK were worth $11,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in AMETEK during the fourth quarter valued at approximately $1,027,000. Wescott Financial Advisory Group LLC bought a new position in shares of AMETEK during the 4th quarter worth approximately $1,122,000. Fifth Third Bancorp boosted its stake in AMETEK by 1,060.3% in the 1st quarter. Fifth Third Bancorp now owns 82,948 shares of the technology company’s stock valued at $17,781,000 after buying an additional 75,799 shares in the last quarter. Jennison Associates LLC grew its position in AMETEK by 93.0% in the first quarter. Jennison Associates LLC now owns 256,693 shares of the technology company’s stock valued at $55,025,000 after acquiring an additional 123,719 shares during the period. Finally, Erste Asset Management GmbH raised its stake in AMETEK by 191.8% during the fourth quarter. Erste Asset Management GmbH now owns 44,123 shares of the technology company’s stock worth $9,161,000 after acquiring an additional 29,002 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insiders Place Their Bets

In other AMETEK news, insider David 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 transaction of $1,678,432.00. Following the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

AMETEK Stock Down 0.5%

AMETEK stock opened at $236.63 on Thursday. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 3.04 and a beta of 0.99. The company’s 50 day simple moving average is $241.28 and its 200 day simple moving average is $232.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Dividend Announcement

The firm 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is presently 19.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AME shares. Truist Financial boosted their target price on shares of AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BNP Paribas Exane increased their target price on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Robert W. Baird set a $275.00 price objective on shares of AMETEK in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.06.

AMETEK Company Profile

AMETEK, Inc (NYSE: AME) is a diversified manufacturer of industrial technology products and solutions. The company develops equipment used to monitor, measure, test, control and analyze processes across a range of industrial and commercial applications.

AMETEK operates through two primary business groups: Electronic Instruments, which provides analytical, monitoring, testing and measurement equipment; and Electromechanical, which supplies automation systems, motors, power systems, aerospace and defense products, engineered materials and other specialized components.