36,544 Shares in AMETEK, Inc. $AME Purchased by Saranac Partners Ltd

Saranac Partners Ltd purchased a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,544 shares of the technology company’s stock, valued at approximately $8,820,000. AMETEK makes up 2.6% of Saranac Partners Ltd’s portfolio, making the stock its 11th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Frazier Financial Advisors LLC acquired a new position in shares of AMETEK in the 2nd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in shares of AMETEK in the second quarter worth about $25,000. MV Capital Management Inc. purchased a new stake in shares of AMETEK during the 4th quarter worth about $28,000. Brown Lisle Cummings Inc. grew its position in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares during the period. Finally, BOKF NA raised its holdings in AMETEK by 137.7% in the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of AME opened at $239.67 on Monday. The company has a market cap of $54.93 billion, a P/E ratio of 35.04, a PEG ratio of 3.06 and a beta of 0.98. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $240.90 and its 200 day moving average price is $232.01.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 EPS. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, research analysts forecast that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the sale, the insider owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on AME. Royal Bank Of Canada increased their price objective on shares of AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Mizuho set a $270.00 price target on AMETEK in a report on Friday, May 1st. Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Citigroup lifted their target price on shares of AMETEK from $257.00 to $261.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, DA Davidson increased their price target on shares of AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. One equities 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 company. According to data from MarketBeat.com, AMETEK presently 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.