Palisade Capital Management LP Acquires New Shares in AMETEK, Inc. $AME

Key Points

• Palisade Capital Management acquired 128,040 AMETEK shares worth approximately $31.0 million in the second quarter, making AMETEK its 11th-largest holding. Institutional investors own 87.43% of the company.
• AMETEK exceeded quarterly expectations with adjusted EPS of $2.09 versus the $1.99 consensus and revenue of $2.04 billion, up 15% year over year. The company issued third-quarter EPS guidance of $2.08–$2.10 and full-year guidance of $8.20–$8.30.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $266.80, while AMETEK declared a quarterly dividend of $0.34 per share. Insider David F. Hermance separately sold 6,608 shares for about $1.68 million.

Palisade Capital Management LP acquired a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 128,040 shares of the technology company's stock, valued at approximately $30,978,000. AMETEK comprises 1.3% of Palisade Capital Management LP's holdings, making the stock its 11th biggest position. Palisade Capital Management LP owned about 0.06% of AMETEK at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AME. Florida Financial Advisors LLC grew its position 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 acquiring an additional 43 shares during the last quarter. Plato Investment Management Ltd increased its holdings 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 acquiring an additional 47 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its position in AMETEK by 4.0% in the 4th 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 last quarter. Washington Trust Advisors Inc. boosted its stake in AMETEK by 6.2% during the 4th 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 position in AMETEK by 18.3% in the 1st quarter. Root Financial Partners LLC now owns 323 shares of the technology company's stock worth $69,000 after purchasing an additional 50 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the company'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 completion of the sale, the insider owned 42,509 shares in the company, valued at $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

AMETEK Trading Down 0.2%

AMETEK stock opened at $241.83 on Wednesday. The firm has a 50 day simple moving average of $241.33 and a 200-day simple moving average of $232.21. 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 stock has a market capitalization of $55.43 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.98. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $261.16.

AMETEK (NYSE:AME - Get Free Report) last announced its 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. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, equities research analysts expect that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird set a $275.00 price target on shares of AMETEK in a research note on Wednesday, August 5th. Royal Bank Of Canada raised 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. BNP Paribas Exane lifted their target price on AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Truist Financial boosted their price target on AMETEK from $303.00 to $316.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AMETEK presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.80.

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.

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