Port Capital LLC Acquires New Shares in AMETEK, Inc. $AME

Port Capital LLC bought a new stake in shares of AMETEK, Inc. (NYSE:AME) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 423,376 shares of the technology company’s stock, valued at approximately $102,432,000. AMETEK accounts for about 4.2% of Port Capital LLC’s portfolio, making the stock its 6th biggest holding. Port Capital LLC owned about 0.18% of AMETEK as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in AMETEK in the 2nd quarter worth about $4,725,928,000. Norges Bank purchased a new stake in shares of AMETEK in the fourth quarter worth $831,372,000. Flossbach Von Storch SE purchased a new stake in shares of AMETEK in the second quarter worth $662,352,000. Bank of New York Mellon Corp bought a new stake in AMETEK during the second quarter valued at $624,725,000. Finally, Wellington Management Group LLP grew its position in AMETEK by 302.9% during the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after buying an additional 2,110,818 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 1.5%

AME stock opened at $245.47 on Thursday. The company has a market capitalization of $56.26 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The company’s 50 day moving average price is $241.62 and its two-hundred day moving average price is $232.32.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The firm’s revenue 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. As a group, analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid 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 of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is 19.88%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson raised 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. Robert W. Baird set a $275.00 price objective on shares of AMETEK in a research report on Wednesday, August 5th. Citigroup raised their target price on shares of AMETEK from $257.00 to $261.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Mizuho set a $270.00 price target on shares of AMETEK in a research note on Friday, May 1st. Finally, TD Cowen reissued a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. One research 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 data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $266.80.

Insider Activity at AMETEK

In other news, insider David F. 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 approximately $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

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.