Kingsview Wealth Management LLC Buys Shares of 5,712 AMETEK, Inc. $AME

Key Points

• Kingsview Wealth Management initiated a position in AMETEK by purchasing 5,712 shares valued at approximately $1.38 million. Institutional investors 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. The company guided for third-quarter EPS of $2.08–$2.10 and full-year EPS of $8.20–$8.30.
• Analysts remain broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $266.80, while AMETEK declared a quarterly dividend of $0.34 per share.

Kingsview Wealth Management LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,712 shares of the technology company's stock, valued at approximately $1,382,000.

Other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in shares of AMETEK in the 2nd quarter valued at approximately $25,000. Fiduciary Financial Advisors acquired a new stake in AMETEK during the 2nd quarter worth approximately $27,000. Elevation Wealth Partners LLC lifted its stake in AMETEK by 239.5% in the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company's stock valued at $31,000 after buying an additional 91 shares in the last quarter. MV Capital Management Inc. bought a new position in AMETEK in the fourth quarter valued at approximately $28,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock valued at $29,000 after buying an additional 123 shares during the period. Institutional investors own 87.43% of the company's stock.

Insider Activity at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of AMETEK 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

AMETEK Stock Down 2.9%

NYSE:AME opened at $236.66 on Friday. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 3.02 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. The stock's 50 day moving average price is $241.73 and its two-hundred day moving average price is $232.42.

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. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Equities research analysts expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 (DPR) is currently 19.88%.

Wall Street Analyst Weigh In

AME has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of AMETEK from $260.00 to $291.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of AMETEK from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. KeyCorp increased their target price on AMETEK from $260.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Seaport Research Partners reissued a "buy" rating and issued a $290.00 price target on shares of AMETEK in a research note on Wednesday, August 5th. Finally, DA Davidson boosted their price target on AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $266.80.

AMETEK 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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