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

Saranac Partners Ltd increased its position in shares of AMETEK, Inc. (NYSE:AME) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,736 shares of the technology company’s stock after purchasing an additional 2,434 shares during the period. Saranac Partners Ltd’s holdings in AMETEK were worth $4,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. Vanguard Group Inc. boosted its position in shares of AMETEK by 0.7% during the third quarter. Vanguard Group Inc. now owns 27,173,705 shares of the technology company’s stock valued at $5,108,657,000 after buying an additional 176,040 shares during the period. State Street Corp raised its holdings in shares of AMETEK by 1.3% in the third quarter. State Street Corp now owns 9,763,684 shares of the technology company’s stock worth $1,835,573,000 after buying an additional 126,381 shares during the period. Invesco Ltd. raised its holdings in shares of AMETEK by 4.9% in the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock worth $839,141,000 after buying an additional 209,043 shares during the period. Norges Bank bought a new stake in shares of AMETEK during the 2nd quarter worth approximately $650,613,000. Finally, EdgePoint Investment Group Inc. boosted its holdings in AMETEK by 24.4% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,926,530 shares of the technology company’s stock valued at $529,585,000 after acquiring an additional 573,191 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AMETEK

In other AMETEK 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 transaction, the vice president directly owned 22,116 shares in the company, valued at $4,534,885.80. This represents a 22.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. Barclays lifted their target price on AMETEK from $210.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Melius Research set a $235.00 price target on shares of AMETEK in a report on Monday, January 5th. DA Davidson reaffirmed a “buy” rating and issued a $240.00 price target on shares of AMETEK in a research note on Wednesday, February 4th. Finally, Robert W. Baird set a $245.00 price objective on shares of AMETEK in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.82.

AMETEK Trading Down 1.4%

AME opened at $212.47 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.06 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $224.88 and its two-hundred day moving average is $204.70. The company has a market capitalization of $48.67 billion, a P/E ratio of 33.20, a PEG ratio of 3.08 and a beta of 1.02. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $242.05.

AMETEK (NYSE:AME) last issued its earnings results 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. AMETEK had a return on equity of 16.55% and a net margin of 20.00%.The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $1.87 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. AMETEK has set its Q1 2026 guidance at 1.850-1.900 EPS and its FY 2026 guidance at 7.870-8.070 EPS. Analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. This is a boost from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, March 16th. AMETEK’s payout ratio is currently 21.25%.

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.