Palmer Knight Co Acquires Shares of 39,810 AMETEK, Inc. $AME

Palmer Knight Co bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,810 shares of the technology company’s stock, valued at approximately $9,632,000. AMETEK makes up about 3.7% of Palmer Knight Co’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds have also modified their holdings of AME. Darwin Wealth Management LLC purchased a new position in shares of AMETEK in the second quarter worth about $25,000. MV Capital Management Inc. purchased a new stake in AMETEK during the 4th quarter valued at about $28,000. Brown Lisle Cummings Inc. raised its holdings in AMETEK by 878.6% in 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 last quarter. BOKF NA lifted its stake 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 in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in AMETEK by 393.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on AME. Barclays upped their price target on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley lifted their price objective on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. DA Davidson raised their target price on AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.80.

AMETEK Trading Down 1.6%

Shares of AMETEK stock opened at $250.21 on Wednesday. The stock has a 50 day moving average of $239.95 and a 200 day moving average of $231.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. The firm has a market capitalization of $57.35 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 3.26 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.

AMETEK (NYSE:AME) last announced 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior 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. As a group, research analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is 19.88%.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the completion of the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

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.