AMETEK (NYSE:AME) Posts Earnings Results, Beats Estimates By $0.10 EPS

AMETEK (NYSE:AME) issued 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. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. AMETEK updated its Q3 2026 guidance to 2.080-2.100 EPS and its FY 2026 guidance to 8.200-8.300 EPS.

Here are the key takeaways from AMETEK’s conference call:

• AMETEK raised its 2026 outlook, now expecting sales to grow approximately 10% and adjusted diluted EPS of $8.20–$8.30, up 10%–12% year over year. Third-quarter EPS guidance is $2.08–$2.10.
• Second-quarter performance was strong, with record sales of $2.04 billion, up 15%, organic sales growth of 10%, and adjusted EPS of $2.09, ahead of guidance. Organic orders rose 25%, producing a record $4.11 billion backlog and a 1.12 book-to-bill ratio.
• Core operating margins expanded 110 basis points to 27.1%, led by a 290-basis-point improvement in the Electromechanical Group, while free cash flow increased 37% to $452 million with 111% conversion. Management cited productivity, positive pricing, and strong operating execution as key contributors.
• Management sees durable, broad-based demand from semiconductor and AI infrastructure, power-grid expansion, aerospace and defense modernization, med tech, and automation. AMETEK also expects to close its approximately $5 billion Indicor Instrumentation acquisition in the second half of 2026 and identified additional cost-synergy opportunities.

AMETEK Trading Up 1.8%

AME stock traded up $4.32 during midday trading on Tuesday, hitting $248.09. 788,548 shares of the company’s stock were exchanged, compared to its average volume of 1,273,370. AMETEK has a one year low of $179.24 and a one year high of $257.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. The company has a market cap of $56.86 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98. The stock’s fifty day moving average price is $233.95 and its 200-day moving average price is $228.88.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 0.5%. AMETEK’s payout ratio is currently 20.54%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Rothschild & Co Redburn set a $265.00 price objective on AMETEK in a report on Thursday, June 18th. Weiss Ratings downgraded AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of AMETEK in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. One investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.29.

Key Stories Impacting AMETEK

Here are the key news stories impacting AMETEK this week:

• Positive Sentiment: AMETEK reported second-quarter earnings of $2.09 per share, surpassing the $1.99 consensus estimate and increasing from $1.78 a year earlier. Revenue reached $2.04 billion, above the $1.95 billion estimate and up 15% year over year. Ametek Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company described the quarter as a record period, with a 20.11% net margin and 16.63% return on equity, supporting the view that operating performance remains strong. AMETEK Announces Record Second Quarter 2026 Results
• Positive Sentiment: AMETEK raised its full-year 2026 EPS guidance to $8.20-$8.30, above the $8.14 consensus estimate. Third-quarter guidance of $2.08-$2.10 also exceeds the $2.04 consensus, signaling continued earnings momentum. AMETEK Raises Full Year Guidance
• Neutral Sentiment: Analyst estimates currently call for approximately $8.14 in full-year EPS, but the company’s new guidance is modestly above that forecast; investors will likely focus on whether future results continue to justify AMETEK’s premium valuation.

Hedge Funds Weigh In On AMETEK

Institutional investors have recently modified their holdings of the business. Compound Planning Inc. increased its stake in AMETEK by 16.8% during the 4th quarter. Compound Planning Inc. now owns 2,236 shares of the technology company’s stock worth $459,000 after purchasing an additional 321 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of AMETEK by 18.8% in the fourth quarter. Corient Private Wealth LLC now owns 230,397 shares of the technology company’s stock valued at $47,303,000 after buying an additional 36,529 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of AMETEK by 6.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,291 shares of the technology company’s stock worth $5,541,000 after acquiring an additional 1,504 shares in the last quarter. Vident Advisory LLC increased its position in shares of AMETEK by 3.7% during the fourth quarter. Vident Advisory LLC now owns 9,114 shares of the technology company’s stock worth $1,871,000 after acquiring an additional 329 shares in the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in shares of AMETEK by 16.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,136 shares of the technology company’s stock worth $849,000 after acquiring an additional 579 shares during the period. Institutional investors own 87.43% of the company’s stock.

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.