Saranac Partners Ltd Invests $8.82 Million in AMETEK, Inc. $AME

Saranac Partners Ltd acquired a new position in AMETEK, Inc. (NYSE:AME) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,544 shares of the technology company’s stock, valued at approximately $8,820,000. AMETEK makes up about 2.6% of Saranac Partners Ltd’s holdings, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in AMETEK in the second quarter worth about $25,000. Elevation Wealth Partners LLC grew its position in shares of AMETEK by 239.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of AMETEK in the 4th quarter worth approximately $28,000. Darwin Wealth Management LLC bought a new position in shares of AMETEK during the 2nd quarter worth approximately $25,000. Finally, Brown Lisle Cummings Inc. raised its stake in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AME shares. BNP Paribas Exane lifted their price target on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Mizuho set a $270.00 price objective on AMETEK in a research report on Friday, May 1st. Royal Bank Of Canada upped their target price on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, DA Davidson lifted their target price on shares of AMETEK from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. One investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.80.

AMETEK Stock Performance

Shares of AME stock opened at $239.67 on Monday. The business has a fifty day moving average of $240.90 and a 200 day moving average of $232.01. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76. The firm has a market capitalization of $54.93 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98.

AMETEK (NYSE:AME) last announced 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. 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 expect that AMETEK, Inc. will post 8.32 earnings per share for the current year.

AMETEK Dividend Announcement

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

Insider Buying and Selling

In other news, insider David F. Hermance sold 6,608 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the sale, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. This represents a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

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.