Kingsview Wealth Management LLC Takes Position in AMETEK, Inc. $AME

Kingsview Wealth Management LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,712 shares of the technology company’s stock, valued at approximately $1,382,000.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in AMETEK during the 2nd quarter valued at $4,725,928,000. State Street Corp increased its holdings in shares of AMETEK by 2.0% in the fourth 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. Geode Capital Management LLC increased its holdings in shares of AMETEK by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock valued at $1,204,722,000 after purchasing an additional 37,651 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. Finally, Norges Bank bought a new position in shares of AMETEK in the fourth quarter valued at about $831,372,000. Institutional investors own 87.43% of the company’s stock.

Insider Activity

In related news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred on 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 transaction, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

AMETEK Stock Performance

AME opened at $236.66 on Friday. 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 52-week low of $179.24 and a 52-week high of $261.16. The firm has a market cap of $54.24 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 3.02 and a beta of 0.98. The business’s fifty day moving average is $241.73 and its 200-day moving average is $232.42.

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

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup lifted their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Seaport Research Partners reaffirmed a “buy” rating and issued a $290.00 target price on shares of AMETEK in a research report on Wednesday, August 5th. Finally, DA Davidson increased their target price on AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $266.80.

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.