Perigon Wealth Management LLC Makes New Investment in AMETEK, Inc. $AME

Perigon Wealth Management LLC bought a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 14,875 shares of the technology company’s stock, valued at approximately $3,599,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AME. Commerzbank Aktiengesellschaft FI bought a new stake in AMETEK in the second quarter valued at about $235,000. Requisite Capital Management LLC acquired a new stake in shares of AMETEK in the 2nd quarter valued at approximately $1,007,000. TimesSquare Capital Management LLC bought a new position in AMETEK during the 2nd quarter worth approximately $51,314,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in AMETEK during the 2nd quarter worth approximately $133,437,000. Finally, OneDigital Investment Advisors LLC acquired a new position in AMETEK during the second quarter valued at approximately $339,000. 87.43% of the stock is currently owned by institutional investors.

Insider Transactions at AMETEK

In other 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 transaction, the insider owned 42,509 shares of the company’s stock, valued at approximately $10,797,286. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Mizuho set a $270.00 price objective on shares of AMETEK in a report on Friday, May 1st. Morgan Stanley lifted 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. Seaport Research Partners reaffirmed a “buy” rating and set a $290.00 price target on shares of AMETEK in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.80.

AMETEK Stock Up 0.0%

AMETEK stock opened at $254.81 on Tuesday. 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’s 50-day moving average is $239.55 and its 200-day moving average is $231.51. The firm has a market capitalization of $58.40 billion, a PE ratio of 37.25, a P/E/G ratio of 3.26 and a beta of 0.98. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week high of $261.16.

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

AMETEK Announces Dividend

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