Pallas Capital Advisors LLC Invests $1.88 Million in AMETEK, Inc. $AME

Pallas Capital Advisors LLC purchased a new position in AMETEK, Inc. (NYSE:AME) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,778 shares of the technology company’s stock, valued at approximately $1,882,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC lifted its holdings in AMETEK by 239.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of AMETEK in the 4th quarter valued at approximately $28,000. Brown Lisle Cummings Inc. raised its position in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK during the 2nd quarter valued at approximately $25,000. Finally, SJS Investment Consulting Inc. lifted its stake in AMETEK by 393.1% during the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of AME opened at $254.81 on Tuesday. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $261.16. 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 fifty day moving average price of $239.55 and a 200 day moving average price of $231.51. The company has a market cap of $58.40 billion, a P/E ratio of 37.25, a PEG ratio of 3.26 and a beta of 0.98.

AMETEK (NYSE:AME) last released its quarterly 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. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The company’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. On average, research analysts forecast that AMETEK, Inc. will post 8.33 earnings per share for the current year.

AMETEK Announces Dividend

The firm 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 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 of this dividend is Tuesday, September 15th. AMETEK’s payout ratio is 19.88%.

Analyst Ratings Changes

Several analysts have weighed in on AME shares. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. BNP Paribas Exane raised their price target on shares of AMETEK from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Barclays boosted their price objective on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Mizuho set a $270.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Finally, KeyCorp raised their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.80.

Insider Buying and Selling at AMETEK

In other news, insider David F. Hermance sold 6,608 shares of the business’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 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. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

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.