Wed Sep 25 08:24:51 UTC 2024: ## Federated Hermes Boosts Stake in AMETEK, Inc. Amidst Mixed Analyst Sentiment

**New York, NY – September 25, 2024** – Federated Hermes Inc. increased its holdings in AMETEK, Inc. (NYSE:AME) by 8.8% during the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission. The fund now owns 1,177 shares of the technology company’s stock, valued at $196,000.

This move by Federated Hermes follows similar investments by other institutional investors. D.A. Davidson & CO. acquired a new stake in AMETEK during the fourth quarter, while Cambridge Investment Research Advisors Inc., US Bancorp DE, Orion Portfolio Solutions LLC, and Advisory Services Network LLC all significantly boosted their holdings in the company. Overall, hedge funds and institutional investors own 87.43% of AMETEK stock.

AMETEK, a leading manufacturer of electronic instruments and electromechanical devices, has been the subject of numerous research reports. Analyst opinions on the stock are mixed, with TD Cowen, StockNews.com, and Robert W. Baird lowering their price targets and ratings, while Wolfe Research and Redburn Atlantic have raised their ratings. MarketBeat.com currently assigns AMETEK an average rating of “Moderate Buy” with an average price target of $186.29.

AMETEK’s recent quarterly earnings report, released on August 1st, showed strong results with earnings per share exceeding analyst expectations. However, revenue fell slightly short of forecasts. The company also announced a quarterly dividend of $0.28 per share, payable on September 30th.

While institutional investor interest in AMETEK remains strong, the company faces mixed analyst sentiment and market uncertainty. Investors will be closely watching the company’s future performance and its ability to navigate potential economic headwinds.

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