AMETEK (NYSE:AME) Issues Earnings Results

AMETEK (NYSE:AME) released its quarterly earnings results on Tuesday. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.10, Zacks reports. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.During the same period in the previous year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. AMETEK updated its Q3 2026 guidance to 2.080-2.100 EPS and its FY 2026 guidance to 8.200-8.300 EPS.

AMETEK Trading Up 1.0%

AMETEK stock opened at $244.02 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. AMETEK has a 12 month low of $179.24 and a 12 month high of $244.97. The company’s fifty day simple moving average is $233.95 and its 200-day simple moving average is $228.88. The stock has a market cap of $55.93 billion, a P/E ratio of 36.86, a P/E/G ratio of 3.39 and a beta of 0.98.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, June 15th. AMETEK’s dividend payout ratio is currently 20.54%.

Analysts Set New Price Targets

AME has been the topic of a number of recent analyst reports. Mizuho set a $270.00 price target on shares of AMETEK in a research report on Friday, May 1st. Weiss Ratings lowered AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Robert W. Baird set a $244.00 price objective on AMETEK in a research note on Friday, May 1st. DA Davidson reissued a “buy” rating and issued a $265.00 price target on shares of AMETEK in a report on Monday, May 4th. Finally, Truist Financial boosted their target price on shares of AMETEK from $275.00 to $303.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus target price of $256.29.

Institutional Trading of AMETEK

Large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of AMETEK by 2.0% in the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock valued at $2,044,140,000 after purchasing an additional 192,677 shares during the last quarter. Invesco Ltd. raised its position in shares of AMETEK by 4.9% in the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after purchasing an additional 209,043 shares during the period. Morgan Stanley boosted its holdings in shares of AMETEK by 2.9% during the 4th quarter. Morgan Stanley now owns 3,963,062 shares of the technology company’s stock worth $813,657,000 after buying an additional 110,037 shares during the period. Wellington Management Group LLP grew its stake in AMETEK by 302.9% in the 4th quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after buying an additional 2,110,818 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in AMETEK by 35.7% in the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after acquiring an additional 695,419 shares during the period. 87.43% of the stock is owned by institutional investors.

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.