29,012 Shares in AMETEK, Inc. $AME Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 29,012 AMETEK shares during the second quarter, valued at approximately $7.0 million. Several other institutions also initiated positions, and institutional investors and hedge funds now own 87.43% of the stock.
• AMETEK reported quarterly adjusted earnings of $2.09 per share and revenue of $2.04 billion, exceeding analyst expectations; revenue increased 15% year over year. The company guided for third-quarter EPS of $2.08–$2.10 and full-year EPS of $8.20–$8.30.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $266.80, while AMETEK declared a quarterly dividend of $0.34 per share, equivalent to a 0.6% annualized yield.

Empowered Funds LLC bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,012 shares of the technology company's stock, valued at approximately $7,019,000.

A number of other large investors have also recently bought and sold shares of AME. United Capital Financial Advisors LLC acquired a new stake in AMETEK during the second quarter worth approximately $1,376,000. Equitable Holdings Inc. acquired a new position in AMETEK in the second quarter valued at approximately $1,257,000. Jefferies Financial Group Inc. acquired a new position in AMETEK in the second quarter valued at approximately $30,366,000. Public Employees Retirement System of Ohio bought a new position in shares of AMETEK during the 2nd quarter worth approximately $26,506,000. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of AMETEK during the 2nd quarter worth approximately $449,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the firm's stock in a transaction on 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. This trade represents a 13.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports 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 report on Thursday, August 6th. Robert W. Baird set a $275.00 price target on shares of AMETEK in a research note on Wednesday, August 5th. Citigroup upped their price objective on shares of AMETEK from $257.00 to $261.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Barclays raised their target price on AMETEK from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.80.

AMETEK Trading Up 0.2%

NYSE:AME opened at $236.66 on Monday. 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 one year low of $179.24 and a one year high of $261.16. The company has a market cap of $54.24 billion, a PE ratio of 34.60, a PEG ratio of 3.02 and a beta of 0.98. The firm has a 50-day moving average of $241.73 and a 200-day moving average of $232.42.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. 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, equities research analysts expect that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK's dividend 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.

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