Envestnet Portfolio Solutions Inc. Sells 175 Shares of AMETEK, Inc. $AME

Envestnet Portfolio Solutions Inc. lessened its position in shares of AMETEK, Inc. (NYSE:AME) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,796 shares of the technology company’s stock after selling 175 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in AMETEK were worth $687,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AME. DAVENPORT & Co LLC grew its holdings in AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock valued at $1,226,000 after buying an additional 60 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of AMETEK by 1.0% in the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 60 shares during the period. Buckhead Capital Management LLC grew its stake in AMETEK by 0.3% during the first quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company’s stock valued at $3,930,000 after acquiring an additional 65 shares in the last quarter. Signaturefd LLC increased its holdings in AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company’s stock worth $796,000 after acquiring an additional 67 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its stake in AMETEK by 3.9% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,784 shares of the technology company’s stock worth $307,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analysts Set New Price Targets

AME has been the topic of several research analyst reports. Truist Financial upped their price target on shares of AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Robert W. Baird upped their target price on AMETEK from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Mizuho raised their price target on AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their target price on shares of AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $207.42.

AMETEK Stock Performance

NYSE:AME opened at $187.40 on Tuesday. The company has a market capitalization of $43.28 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.66 and a beta of 1.11. The business has a 50 day moving average of $185.79 and a 200 day moving average of $178.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, sell-side analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is presently 19.97%.

AMETEK Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.