HBK Sorce Advisory LLC Takes Position in AMETEK, Inc. $AME

HBK Sorce Advisory LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,596 shares of the technology company’s stock, valued at approximately $916,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nippon Life Global Investors Americas Inc. acquired a new stake in AMETEK in the 2nd quarter valued at $1,602,000. Flputnam Investment Management Co. acquired a new position in AMETEK during the second quarter worth $411,000. Horizon Investment Services LLC purchased a new position in AMETEK during the second quarter valued at $1,523,000. Global Retirement Partners LLC acquired a new stake in shares of AMETEK in the second quarter valued at about $545,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AMETEK during the second quarter worth about $624,725,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 0.1%

Shares of AMETEK stock opened at $254.98 on Monday. 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 stock’s 50 day simple moving average is $238.97 and its 200-day simple moving average is $231.27. The stock has a market cap of $58.44 billion, a P/E ratio of 37.28, a P/E/G ratio of 3.26 and a beta of 0.98. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16.

AMETEK (NYSE:AME) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations 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 quarter last year, the firm 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. Analysts predict that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. AMETEK’s payout ratio is presently 19.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Mizuho set a $270.00 price target on shares of AMETEK in a research note on Friday, May 1st. KeyCorp boosted their price objective on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Barclays raised their target price on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Robert W. Baird set a $275.00 price target on AMETEK in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average price target of $266.80.

Insider Activity

In related news, insider David F. Hermance sold 6,608 shares of the company’s 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 sale, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

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.