Perigon Wealth Management LLC Buys New Position in AMETEK, Inc. $AME

Key Points

• Perigon Wealth Management initiated a position in AMETEK during the second quarter, purchasing 14,875 shares valued at approximately $3.6 million. Institutional investors collectively own 87.43% of the company.
• AMETEK reported quarterly EPS of $2.09, beating expectations of $1.99, while revenue rose 15% year over year to $2.04 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $266.80.
• AMETEK declared a quarterly dividend of $0.34, equal to $1.36 annually and a 0.5% yield. The stock opened at $254.81, near its 52-week high of $261.16.

Perigon Wealth Management LLC purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,875 shares of the technology company's stock, valued at approximately $3,599,000.

Several other institutional investors also recently modified their holdings of AME. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK during the second quarter worth $25,000. MV Capital Management Inc. acquired a new stake in shares of AMETEK during the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. boosted its position in AMETEK by 878.6% during the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. BOKF NA raised its position in AMETEK by 137.7% during the fourth quarter. BOKF NA now owns 145 shares of the technology company's stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in AMETEK by 393.1% in the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company's stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Mizuho set a $270.00 price objective on shares of AMETEK in a report on Friday, May 1st. Robert W. Baird set a $275.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. Seaport Research Partners reaffirmed a "buy" rating and issued a $290.00 price target on shares of AMETEK in a report on Wednesday, August 5th. Wall Street Zen lowered shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, KeyCorp upped their price target on AMETEK from $260.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, AMETEK presently has an average rating of "Moderate Buy" and an average price target of $266.80.

AMETEK Stock Performance

NYSE AME opened at $254.81 on Tuesday. AMETEK, Inc. has a 1-year low of $179.24 and a 1-year high of $261.16. The company has a 50 day moving average of $239.55 and a 200-day moving average of $231.51. 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 firm has a market cap of $58.40 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 3.26 and a beta of 0.98.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%.The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. On average, equities analysts forecast 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. Investors of record on Tuesday, September 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. 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 AMETEK 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 directly owned 42,509 shares of the company's stock, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

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.

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