Distillate Capital Partners LLC Invests $15.76 Million in AMETEK, Inc. $AME

Distillate Capital Partners LLC bought a new stake in shares of AMETEK, Inc. (NYSE:AME) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 83,848 shares of the technology company’s stock, valued at approximately $15,764,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of AMETEK during the second quarter valued at about $650,613,000. Amundi grew its stake in shares of AMETEK by 266.1% in the 2nd quarter. Amundi now owns 1,512,966 shares of the technology company’s stock valued at $275,345,000 after buying an additional 1,099,748 shares during the period. Invesco Ltd. increased its position in AMETEK by 22.3% in the 2nd quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock valued at $769,890,000 after buying an additional 775,078 shares in the last quarter. Lazard Asset Management LLC increased its position in AMETEK by 35.7% in the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock valued at $497,444,000 after buying an additional 695,419 shares in the last quarter. Finally, Man Group plc raised its stake in AMETEK by 411.8% during the 3rd quarter. Man Group plc now owns 785,020 shares of the technology company’s stock worth $147,584,000 after buying an additional 631,649 shares during the period. 87.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Thomas M. Montgomery sold 6,388 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $205.05, for a total transaction of $1,309,859.40. Following the completion of the transaction, the vice president owned 22,116 shares in the company, valued at approximately $4,534,885.80. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AME. Melius Research set a $235.00 price objective on AMETEK in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Truist Financial set a $265.00 price target on shares of AMETEK in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of AMETEK in a research note on Wednesday, January 21st. They issued a “buy” rating and a $271.00 price objective on the stock. Finally, KeyCorp upped their price target on AMETEK from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average price target of $244.82.

AMETEK Trading Down 0.6%

Shares of AME stock opened at $214.35 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 1.06. The company has a market capitalization of $49.10 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 3.07 and a beta of 1.02. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $242.05. The company has a 50-day simple moving average of $224.77 and a two-hundred day simple moving average of $204.24.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.07. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.94 billion. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Research analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.34 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is presently 19.38%.

AMETEK Profile

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.