AMETEK, Inc. $AME Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its AMETEK stake by 1,002.4% in the second quarter, adding 120,583 shares for a total of 132,612 shares valued at approximately $32.1 million. Institutional investors collectively own 87.43% of the company.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $266.69; several firms recently raised their targets to between $275 and $291.
• AMETEK reported quarterly EPS of $2.09, beating estimates by $0.10, while revenue rose 15% year over year to $2.04 billion. The company also declared a quarterly dividend of $0.34 per share, representing a 0.6% annualized yield.

QRG Capital Management Inc. grew its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 1,002.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,612 shares of the technology company's stock after purchasing an additional 120,583 shares during the period. QRG Capital Management Inc. owned approximately 0.06% of AMETEK worth $32,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AME. BlackRock Inc. purchased a new stake in AMETEK in the 2nd quarter valued at about $4,725,928,000. Geode Capital Management LLC boosted its stake in AMETEK by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company's stock worth $1,204,722,000 after buying an additional 37,651 shares during the period. Norges Bank acquired a new stake in shares of AMETEK during the fourth quarter valued at about $831,372,000. Wellington Management Group LLP raised its stake in shares of AMETEK by 7.0% in the 2nd quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company's stock valued at $724,387,000 after acquiring an additional 196,986 shares during the period. Finally, Flossbach Von Storch SE purchased a new stake in shares of AMETEK in the 2nd quarter valued at approximately $662,352,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AME. TD Cowen reiterated a "buy" rating on shares of AMETEK in a report on Thursday, August 6th. Vertical Research began coverage on AMETEK in a research note on Tuesday, September 8th. They set a "buy" rating and a $255.00 price target on the stock. Royal Bank Of Canada lifted their price objective on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Robert W. Baird set a $275.00 price objective on AMETEK in a report on Wednesday, August 5th. Finally, DA Davidson increased their target price on AMETEK from $265.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $266.69.

Insider Buying and Selling at AMETEK

In related news, insider David Hermance sold 6,608 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $10,797,286. This trade 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 this hyperlink. Insiders own 0.54% of the company's stock.

AMETEK Stock Up 0.5%

AME stock traded up $1.21 during midday trading on Wednesday, hitting $246.62. The company's stock had a trading volume of 1,466,552 shares, compared to its average volume of 1,300,398. The firm has a 50-day simple moving average of $241.96 and a 200-day simple moving average of $232.71. The firm has a market capitalization of $56.52 billion, a P/E ratio of 36.06, a PEG ratio of 3.08 and a beta of 0.99. 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.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.95 billion. During the same period last year, the firm earned $1.78 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts forecast that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK's payout ratio is currently 19.88%.

AMETEK 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.

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