EP Wealth Advisors LLC Purchases New Stake in AMETEK, Inc. $AME

EP Wealth Advisors LLC acquired a new position in AMETEK, Inc. (NYSE:AME) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 60,673 shares of the technology company’s stock, valued at approximately $14,679,000.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of AMETEK during the 2nd quarter worth approximately $4,725,928,000. Norges Bank acquired a new position in AMETEK in the fourth quarter valued at approximately $831,372,000. Flossbach Von Storch SE acquired a new position in AMETEK in the second quarter valued at approximately $662,352,000. Bank of New York Mellon Corp bought a new position in AMETEK in the second quarter valued at approximately $624,725,000. Finally, Wellington Management Group LLP boosted its stake in AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after acquiring an additional 2,110,818 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This 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.

AMETEK Stock Up 0.2%

Shares of NYSE:AME opened at $239.67 on Friday. The company has a 50 day moving average price of $240.90 and a two-hundred day moving average price of $231.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The company has a market capitalization of $54.93 billion, a PE ratio of 35.04, a PEG ratio of 3.06 and a beta of 0.98. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Analysts forecast that AMETEK, Inc. will post 8.32 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is currently 19.88%.

Analysts Set New Price Targets

Several brokerages have commented on AME. Royal Bank Of Canada upped their target price on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Barclays upped their price objective on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. BNP Paribas Exane increased their target price on AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, KeyCorp raised their target price on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.80.

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.