Palmer Knight Co Takes $9.63 Million Position in AMETEK, Inc. $AME

Palmer Knight Co acquired a new stake in AMETEK, Inc. (NYSE:AME) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 39,810 shares of the technology company’s stock, valued at approximately $9,632,000. AMETEK makes up 3.7% of Palmer Knight Co’s holdings, making the stock its 9th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Florida Financial Advisors LLC boosted its holdings in AMETEK by 2.2% during the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock valued at $406,000 after acquiring an additional 43 shares during the period. Plato Investment Management Ltd lifted its position in shares of AMETEK by 0.4% during the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC boosted its stake in shares of AMETEK by 4.0% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock valued at $257,000 after purchasing an additional 48 shares during the period. Washington Trust Advisors Inc. boosted its stake in shares of AMETEK by 6.2% in the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock valued at $175,000 after purchasing an additional 50 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock valued at $69,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Down 1.6%

Shares of NYSE:AME opened at $250.21 on Wednesday. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16. The firm’s 50 day moving average price is $239.95 and its 200 day moving average price is $231.70. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The stock has a market cap of $57.35 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The firm’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, equities research analysts predict that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK’s payout ratio is presently 19.88%.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,608 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AME. Truist Financial increased their target price on shares of AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Mizuho set a $270.00 price target on shares of AMETEK in a research note on Friday, May 1st. Barclays increased their price objective on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. DA Davidson lifted their target price on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $265.00 target price on AMETEK in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.80.

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.