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

Envestnet Portfolio Solutions Inc. lowered its stake in AMETEK, Inc. (NYSE:AME) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,796 shares of the technology company’s stock after selling 175 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in AMETEK were worth $687,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AME. MGO One Seven LLC lifted its position in shares of AMETEK by 695.3% in the 2nd quarter. MGO One Seven LLC now owns 9,726 shares of the technology company’s stock worth $1,760,000 after purchasing an additional 8,503 shares during the period. CWM LLC lifted its holdings in AMETEK by 76.9% in the second quarter. CWM LLC now owns 32,037 shares of the technology company’s stock worth $5,797,000 after buying an additional 13,928 shares during the period. OFI Invest Asset Management boosted its position in AMETEK by 51.9% during the 2nd quarter. OFI Invest Asset Management now owns 597 shares of the technology company’s stock valued at $108,000 after acquiring an additional 204 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of AMETEK by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,271 shares of the technology company’s stock worth $4,576,000 after acquiring an additional 2,119 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of AMETEK by 3.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 13,346 shares of the technology company’s stock worth $2,415,000 after acquiring an additional 475 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AME. Royal Bank Of Canada upped their price target on AMETEK from $209.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Truist Financial boosted their price objective on shares of AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of AMETEK from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average price target of $207.42.

AMETEK Price Performance

NYSE AME opened at $187.40 on Tuesday. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The stock 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 quick ratio of 1.04 and a current ratio of 1.63. 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.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $1.66 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. 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 forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

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

AMETEK Company 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.