Freestone Grove Partners LP Purchases New Stake in AMETEK, Inc. $AME

Freestone Grove Partners LP purchased a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 337,021 shares of the technology company’s stock, valued at approximately $81,539,000. Freestone Grove Partners LP owned 0.15% of AMETEK as of its most recent SEC filing.

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

Insider Buying and Selling at AMETEK

In related news, insider David F. Hermance sold 6,608 shares of the company’s 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 in the company, valued at $10,797,286. This represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on AME shares. Mizuho set a $270.00 price objective on shares of AMETEK in a report on Friday, May 1st. Morgan Stanley increased their price target on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Weiss Ratings raised AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Robert W. Baird set a $275.00 target price on AMETEK in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.80.

AMETEK Stock Up 1.5%

Shares of AMETEK stock opened at $245.47 on Thursday. 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 company has a 50-day moving average of $241.62 and a 200 day moving average of $232.32. The firm has a market cap of $56.26 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 3.09 and a beta of 0.98. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, topping 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 net margin of 20.04% and a return on equity of 16.93%. AMETEK’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. 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, sell-side analysts anticipate that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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

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.