Empowered Funds LLC Invests $7.02 Million in AMETEK, Inc. $AME

Empowered Funds LLC bought a new stake in AMETEK, Inc. (NYSE:AME) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 29,012 shares of the technology company’s stock, valued at approximately $7,019,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AME. Florida Financial Advisors LLC grew its stake in AMETEK by 2.2% in the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock valued at $406,000 after purchasing an additional 43 shares during the period. Plato Investment Management Ltd increased its position in shares of AMETEK by 0.4% during the 4th 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 during the last quarter. Allegiance Financial Group Advisory Services LLC raised its stake in shares of AMETEK by 4.0% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock worth $257,000 after purchasing an additional 48 shares during the period. Washington Trust Advisors Inc. boosted its holdings in shares of AMETEK by 6.2% in the 4th quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock worth $175,000 after buying an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of AMETEK by 18.3% in the 1st quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock worth $69,000 after buying an additional 50 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Trading Up 0.2%

Shares of AME stock opened at $236.66 on Monday. The company’s fifty day simple moving average is $241.73 and its two-hundred day simple moving average is $232.42. 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, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The stock has a market capitalization of $54.24 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 3.02 and a beta of 0.98.

AMETEK (NYSE:AME) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last 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. As a group, analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current 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 paid a $0.34 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AME shares. Truist Financial raised their price target on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. DA Davidson upped their price target on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Barclays increased their price target on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada lifted their price objective on AMETEK from $260.00 to $291.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. One equities 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.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average target price of $266.80.

Insiders Place Their Bets

In other news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is owned by 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.