Jones Financial Companies Lllp Purchases Shares of 42,311 AMETEK, Inc. $AME

Key Points

• Jones Financial Companies initiated a position in AMETEK, purchasing 42,311 shares valued at approximately $10.24 million. Institutional investors collectively own 87.43% of the company.
• Analysts maintain a favorable outlook, with AMETEK receiving a consensus “Moderate Buy” rating and an average price target of $266.80; several firms recently raised their targets.
• AMETEK exceeded quarterly earnings and revenue expectations, reporting $2.09 in EPS and $2.04 billion in revenue, while revenue rose 15% year over year. The company also declared a quarterly dividend of $0.34 per share.

Jones Financial Companies Lllp purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 42,311 shares of the technology company's stock, valued at approximately $10,237,000.

Several other hedge funds also recently modified their holdings of the stock. Florida Financial Advisors LLC raised its holdings in AMETEK by 2.2% during the fourth quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company's stock worth $406,000 after acquiring an additional 43 shares in the last quarter. Plato Investment Management Ltd grew its stake in AMETEK by 0.4% in the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company's stock valued at $2,218,000 after purchasing an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC grew its stake in AMETEK by 4.0% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company's stock valued at $257,000 after purchasing an additional 48 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of AMETEK by 6.2% during the 4th quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company's stock worth $175,000 after purchasing an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC increased 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 worth $69,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. DA Davidson increased their price objective on AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. BNP Paribas Exane boosted their target price on shares of AMETEK from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. TD Cowen reaffirmed a "buy" rating on shares of AMETEK in a research report on Thursday, August 6th. Robert W. Baird set a $275.00 price target on shares of AMETEK in a research note on Wednesday, August 5th. Finally, Morgan Stanley lifted their price objective on shares of AMETEK from $235.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $266.80.

AMETEK Trading Up 1.1%

Shares of AMETEK stock opened at $242.30 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The business has a fifty day simple moving average of $241.14 and a two-hundred day simple moving average of $232.11. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The company has a market capitalization of $55.53 billion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 3.06 and a beta of 0.98.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $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. Research analysts forecast that AMETEK, Inc. will post 8.32 EPS for the current year.

AMETEK Announces Dividend

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

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the stock in a transaction dated 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 transaction, the insider directly owned 42,509 shares of the company's stock, valued at $10,797,286. This represents a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

AMETEK Company Profile

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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