Corient Private Wealth LP Sells 5,310 Shares of AMETEK, Inc. $AME

Key Points

• Corient Private Wealth reduced its AMETEK stake by 5.2% in the second quarter, selling 5,310 shares and retaining 97,606 shares valued at approximately $23.6 million. Institutional investors collectively own 87.43% of the company.
• AMETEK reported quarterly earnings of $2.09 per share, exceeding estimates of $1.99, while revenue rose 15% year over year to $2.04 billion. The company issued third-quarter EPS guidance of $2.08–$2.10 and full-year guidance of $8.20–$8.30.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $266.69. AMETEK also declared a quarterly dividend of $0.34 per share, representing a 0.6% annualized yield.

Corient Private Wealth LP lowered its position in AMETEK, Inc. (NYSE:AME - Free Report) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,606 shares of the technology company's stock after selling 5,310 shares during the period. Corient Private Wealth LP's holdings in AMETEK were worth $23,615,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in shares of AMETEK in the 2nd quarter worth $25,000. Fiduciary Financial Advisors purchased a new position in AMETEK during the second quarter valued at $27,000. Elevation Wealth Partners LLC lifted its position in AMETEK by 239.5% during the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company's stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. MV Capital Management Inc. bought a new stake in AMETEK during the fourth quarter valued at about $28,000. Finally, Brown Lisle Cummings Inc. increased its position in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock worth $29,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Insider Transactions at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of the company's 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 in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

AMETEK Trading Up 0.0%

AME opened at $241.97 on Monday. The firm has a market cap of $55.46 billion, a P/E ratio of 35.38, a P/E/G ratio of 3.09 and a beta of 0.99. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. 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 has a 50-day moving average of $241.42 and a 200 day moving average of $232.69.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates 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 business's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 earnings per share. 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, research analysts forecast that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.34 dividend. The ex-dividend date 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 presently 19.88%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AME shares. KeyCorp increased their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on shares of AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Robert W. Baird set a $275.00 price target on shares of AMETEK in a research report on Wednesday, August 5th. Truist Financial raised 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, Seaport Research Partners restated a "buy" rating and set a $290.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.69.

About AMETEK

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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