Bank of America Corp DE Makes New Investment in AMETEK, Inc. $AME

Key Points

• Bank of America acquired 1.62 million AMETEK shares in the second quarter, worth approximately $391.8 million and representing about 0.71% of the company. Institutional investors collectively own 87.43% of AMETEK.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $266.69. Recent targets range from $255 to $295.
• AMETEK exceeded quarterly expectations, reporting $2.09 in EPS and $2.04 billion in revenue, with revenue up 15% year over year. The company also announced a quarterly dividend of $0.34 per share, yielding approximately 0.6%.

Bank of America Corp DE purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,619,414 shares of the technology company's stock, valued at approximately $391,801,000. Bank of America Corp DE owned about 0.71% of AMETEK at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Florida Financial Advisors LLC lifted its stake in AMETEK by 2.2% during the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company's stock valued at $406,000 after acquiring an additional 43 shares during the period. Root Financial Partners LLC grew its position in shares of AMETEK by 18.3% during the 1st quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock valued at $69,000 after acquiring an additional 50 shares during the period. ICW Investment Advisors LLC grew its holdings in AMETEK by 0.7% during the fourth quarter. ICW Investment Advisors LLC now owns 7,831 shares of the technology company's stock valued at $1,608,000 after purchasing an additional 51 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in AMETEK by 4.6% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,158 shares of the technology company's stock worth $238,000 after acquiring an additional 51 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of AMETEK by 2.5% during the 4th quarter. Sivia Capital Partners LLC now owns 2,070 shares of the technology company's stock valued at $425,000 after purchasing an additional 51 shares during the period. 87.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AME. Vertical Research initiated coverage on AMETEK in a research note on Tuesday, September 8th. They set a "buy" rating and a $255.00 price target for the company. Royal Bank Of Canada lifted their target price on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Seaport Research Partners reiterated a "buy" rating and set a $290.00 price objective on shares of AMETEK in a research note on Wednesday, August 5th. KeyCorp lifted their target price on AMETEK from $260.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven 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 presently has an average rating of "Moderate Buy" and a consensus target price of $266.69.

Insider Buying and Selling at AMETEK

In other news, insider David Hermance sold 6,608 shares of AMETEK stock in a transaction on 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 of the company's stock, valued at approximately $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

AMETEK Stock Up 0.4%

Shares of AME opened at $234.47 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The stock's 50 day moving average is $241.40 and its two-hundred day moving average is $232.68. The firm has a market cap of $53.74 billion, a P/E ratio of 34.28, a PEG ratio of 2.99 and a beta of 0.99. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business's revenue was up 15.0% on a year-over-year basis. 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 predict that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 19.88%.

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.

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