Tribune Investment Group LP Purchases Shares of 34,210 AMETEK, Inc. $AME

Tribune Investment Group LP purchased a new position in shares of AMETEK, Inc. (NYSE:AME) during the 2nd quarter, Holdings Channel reports. The fund purchased 34,210 shares of the technology company’s stock, valued at approximately $8,277,000. AMETEK makes up approximately 3.3% of Tribune Investment Group LP’s investment portfolio, making the stock its largest holding.

Several other hedge funds also recently modified their holdings of AME. Sivia Capital Partners LLC bought a new stake in AMETEK during the second quarter worth about $295,000. Baird Financial Group Inc. increased its position in shares of AMETEK by 16.1% during the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after purchasing an additional 2,323 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of AMETEK by 65.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after purchasing an additional 1,555 shares during the last quarter. Sei Investments Co. raised its stake in shares of AMETEK by 38.2% during the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock worth $40,392,000 after purchasing an additional 61,672 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of AMETEK by 105.3% during the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock worth $28,641,000 after purchasing an additional 81,178 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AME shares. TD Cowen reiterated a “buy” rating on shares of AMETEK in a research note on Thursday, August 6th. Rothschild & Co Redburn set a $265.00 price target on AMETEK in a research note on Thursday, June 18th. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Royal Bank Of Canada boosted their price target on AMETEK from $260.00 to $291.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, KeyCorp increased their price target on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. One equities research 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 company. According to data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $266.80.

AMETEK Stock Up 0.3%

NYSE AME opened at $233.88 on Friday. The business has a fifty day moving average price of $241.36 and a two-hundred day moving average price of $232.46. The stock has a market capitalization of $53.61 billion, a PE ratio of 34.19, a PEG ratio of 2.98 and a beta of 0.99. AMETEK, Inc. has a fifty-two week low of $179.24 and a fifty-two week 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.

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 company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. AMETEK’s 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. Equities analysts expect that AMETEK, Inc. will post 8.33 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is presently 19.88%.

Insider Activity at AMETEK

In other news, insider David Hermance sold 6,608 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed 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.