423,376 Shares in AMETEK, Inc. $AME Bought by Port Capital LLC

Port Capital LLC purchased a new stake in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, Holdings Channel reports. The firm purchased 423,376 shares of the technology company’s stock, valued at approximately $102,432,000. AMETEK makes up about 4.2% of Port Capital LLC’s portfolio, making the stock its 6th biggest position.

A number of other large investors have also added to or reduced their stakes in AME. Frazier Financial Advisors LLC bought a new position in shares of AMETEK during the second quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of AMETEK during the second quarter worth about $25,000. Fiduciary Financial Advisors purchased a new position in AMETEK during the 2nd quarter valued at about $27,000. MV Capital Management Inc. purchased a new position in AMETEK during the 4th quarter valued at about $28,000. Finally, Brown Lisle Cummings Inc. raised its position in AMETEK by 878.6% during the 1st 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 during the last quarter. Institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AME. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research note on Thursday, June 18th. Seaport Research Partners reiterated a “buy” rating and issued a $290.00 price target on shares of AMETEK in a report on Wednesday, August 5th. Truist Financial boosted their price objective on shares of AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $266.80.

AMETEK Trading Up 1.5%

AME opened at $245.47 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a 52 week low of $179.24 and a 52 week high of $261.16. The stock has a market cap of $56.26 billion, a PE ratio of 35.89, a PEG ratio of 3.09 and a beta of 0.98. The business has a 50 day moving average of $241.62 and a 200-day moving average of $232.32.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The firm’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. Equities research analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is presently 19.88%.

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.