Envestnet Portfolio Solutions Inc. Grows Holdings in AMETEK, Inc. $AME

Key Points

• Envestnet Portfolio Solutions increased its AMETEK position by 292.4% in the second quarter, bringing its holdings to 11,975 shares worth approximately $2.9 million. Institutional investors and hedge funds collectively own 87.43% of the company.
• Analyst sentiment remains positive, with one Strong Buy, eleven Buy, and five Hold ratings. AMETEK has a consensus rating of “Moderate Buy” and an average price target of $266.69.
• AMETEK reported quarterly earnings of $2.09 per share and revenue of $2.04 billion, beating estimates and marking 15% year-over-year revenue growth. The company also declared a quarterly dividend of $0.34 per share, representing a 0.5% yield.

Envestnet Portfolio Solutions Inc. raised its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 292.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,975 shares of the technology company's stock after purchasing an additional 8,923 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in AMETEK were worth $2,897,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AME. Royal Bank Of Canada boosted their target price on AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded AMETEK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Vertical Research initiated coverage on AMETEK in a report on Tuesday, September 8th. They set a "buy" rating and a $255.00 price objective on the stock. TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a research note on Thursday, August 6th. Finally, Truist Financial raised their target price on shares of AMETEK from $303.00 to $316.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $266.69.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider David Hermance sold 6,608 shares of the business's stock in a transaction dated 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 owned 42,509 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

AMETEK Stock Up 1.2%

Shares of AMETEK stock opened at $250.67 on Friday. The firm has a market cap of $57.45 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 3.17 and a beta of 0.99. The stock has a 50-day simple moving average of $242.71 and a 200-day simple moving average of $233.16. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. 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 (NYSE:AME - Get Free Report) last issued its quarterly earnings data 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. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company's revenue for the quarter 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. On average, equities research analysts expect that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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 issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 15th. AMETEK's dividend payout ratio (DPR) is 19.88%.

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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