Saranac Partners Ltd Acquires 2,434 Shares of AMETEK, Inc. $AME

Saranac Partners Ltd boosted its stake in shares of AMETEK, Inc. (NYSE:AME) by 10.4% in the third quarter, Holdings Channel reports. The institutional investor owned 25,736 shares of the technology company’s stock after acquiring an additional 2,434 shares during the period. Saranac Partners Ltd’s holdings in AMETEK were worth $4,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new position in shares of AMETEK in the 2nd quarter valued at $25,000. TruNorth Capital Management LLC purchased a new stake in shares of AMETEK during the 3rd quarter worth $31,000. Grey Fox Wealth Advisors LLC bought a new stake in AMETEK during the third quarter valued at about $39,000. Westside Investment Management Inc. boosted its position in AMETEK by 100.0% during the third quarter. Westside Investment Management Inc. now owns 224 shares of the technology company’s stock valued at $42,000 after purchasing an additional 112 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in AMETEK by 4,420.0% in the third quarter. Sound Income Strategies LLC now owns 226 shares of the technology company’s stock valued at $41,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Trading Down 1.4%

AMETEK stock opened at $212.47 on Thursday. 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 stock has a market cap of $48.67 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.08 and a beta of 1.02. The stock has a 50-day moving average of $224.88 and a two-hundred day moving average of $204.70. AMETEK, Inc. has a one year low of $145.02 and a one year high of $242.05.

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

AMETEK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.36 annualized dividend and a yield of 0.6%. This is a boost from AMETEK’s previous quarterly dividend of $0.31. AMETEK’s payout ratio is presently 21.25%.

Insider Transactions at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the completion of the transaction, the vice president owned 22,116 shares of the company’s stock, valued at approximately $4,534,885.80. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer downgraded shares of AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. DA Davidson reaffirmed a “buy” rating and issued a $240.00 price objective on shares of AMETEK in a research report on Wednesday, February 4th. Melius Research set a $235.00 price objective on shares of AMETEK in a research note on Monday, January 5th. TD Cowen reissued a “buy” rating on shares of AMETEK in a research report on Tuesday, February 3rd. Finally, KeyCorp raised their target price on shares of AMETEK from $235.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $244.82.

AMETEK Company 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.