EP Wealth Advisors LLC Buys New Stake in AMETEK, Inc. $AME

Key Points

• EP Wealth Advisors purchased 60,673 AMETEK shares worth approximately $14.7 million in the second quarter. Institutional investors and hedge funds collectively own 87.43% of the company.
• AMETEK reported quarterly earnings of $2.09 per share, beating estimates of $1.99, while revenue rose 15% year over year to $2.04 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $266.80.
• AMETEK declared a quarterly dividend of $0.34 per share, equivalent to an annualized $1.36 and a 0.6% yield. The stock recently traded at $239.67, compared with a 12-month range of $179.24 to $261.16.

EP Wealth Advisors LLC purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,673 shares of the technology company's stock, valued at approximately $14,679,000.

A number of other institutional investors also recently added to or reduced their stakes in AME. Ieq Capital LLC bought a new stake in shares of AMETEK in the 2nd quarter valued at approximately $11,640,000. Callan Family Office LLC bought a new position in shares of AMETEK during the 2nd quarter worth approximately $1,116,000. Keating Financial Advisory Services Inc. acquired a new stake in AMETEK in the 2nd quarter valued at $81,000. Allworth Financial LP bought a new stake in AMETEK in the second quarter valued at $885,000. Finally, Greenspring Advisors LLC acquired a new position in AMETEK during the second quarter worth $268,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AME has been the subject of a number of analyst reports. Barclays lifted their price objective on AMETEK from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. Truist Financial increased their target price on shares of AMETEK from $303.00 to $316.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Seaport Research Partners reissued a "buy" rating and set a $290.00 price target on shares of AMETEK in a report on Wednesday, August 5th. BNP Paribas Exane boosted their price target on shares of AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and an average price target of $266.80.

AMETEK Stock Performance

AMETEK stock opened at $239.67 on Friday. The stock has a 50-day simple moving average of $240.90 and a 200 day simple moving average of $231.99. The stock has a market capitalization of $54.93 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 3.06 and a beta of 0.98. 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 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 data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior 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. On average, research analysts anticipate 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. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK's dividend payout ratio is presently 19.88%.

Insider Activity at AMETEK

In related news, insider David F. 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 completion of 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 document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

About AMETEK

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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