Tribune Investment Group LP Purchases New Holdings in AMETEK, Inc. $AME

Key Points

• Tribune Investment Group acquired 34,210 AMETEK shares worth approximately $8.28 million, making AMETEK its largest holding; institutional investors collectively own 87.43% of the company.
• AMETEK exceeded quarterly expectations with earnings of $2.09 per share 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 with an average price target of $266.80, while AMETEK declared a quarterly dividend of $0.34 per share, yielding 0.6% annually.

Tribune Investment Group LP acquired a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,210 shares of the technology company's stock, valued at approximately $8,277,000. AMETEK makes up 3.3% of Tribune Investment Group LP's holdings, making the stock its biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in AMETEK in the second quarter valued at about $25,000. Elevation Wealth Partners LLC lifted its position in AMETEK by 239.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company's stock valued at $31,000 after purchasing an additional 91 shares during the period. MV Capital Management Inc. bought a new position in shares of AMETEK in the 4th quarter valued at about $28,000. Brown Lisle Cummings Inc. boosted its stake in shares of AMETEK by 878.6% in the 1st 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. Finally, Darwin Wealth Management LLC acquired a new stake in shares of AMETEK during the 2nd quarter worth approximately $25,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

Shares of AME opened at $233.88 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 1.21. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $261.16. The firm's 50 day moving average price is $241.36 and its two-hundred day moving average price is $232.46. The firm has a market cap of $53.61 billion, a P/E ratio of 34.19, a PEG ratio of 2.98 and a beta of 0.99.

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, 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 the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The firm's revenue was up 15.0% compared to the same quarter last year. 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, analysts forecast that AMETEK, Inc. will post 8.33 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued 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 is Tuesday, September 15th. AMETEK's payout ratio is 19.88%.

Insider Activity

In related news, insider David Hermance sold 6,608 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AME. DA Davidson increased their price objective on shares of AMETEK from $265.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. Morgan Stanley increased their price target on AMETEK from $235.00 to $245.00 and gave the company 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 note on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their price objective on AMETEK from $260.00 to $291.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock 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.

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