Freestone Grove Partners LP Acquires Shares of 337,021 AMETEK, Inc. $AME

Freestone Grove Partners LP bought a new position in AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 337,021 shares of the technology company’s stock, valued at approximately $81,539,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of AMETEK during the second quarter valued at approximately $4,725,928,000. State Street Corp lifted its position in AMETEK by 2.0% in the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock valued at $2,044,140,000 after acquiring an additional 192,677 shares in the last quarter. Geode Capital Management LLC boosted its stake in AMETEK by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock valued at $1,204,722,000 after purchasing an additional 37,651 shares during the last quarter. Invesco Ltd. boosted its stake in AMETEK by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock valued at $839,141,000 after purchasing an additional 209,043 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of AMETEK in the 4th quarter worth $831,372,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Transactions at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider owned 42,509 shares of the company’s stock, valued at $10,797,286. The trade was a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AME shares. Truist Financial upped their price target on AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Barclays upped their target price on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Seaport Research Partners reaffirmed a “buy” rating and set a $290.00 price target on shares of AMETEK in a report on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and a consensus price target of $266.80.

AMETEK Stock Up 1.5%

Shares of AME opened at $245.47 on Thursday. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16. The business’s 50 day moving average is $241.62 and its 200 day moving average is $232.32. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $56.26 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.98.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business posted $1.78 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Research analysts expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.88%.

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.