AE Wealth Management LLC acquired a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,592 shares of the technology company’s stock, valued at approximately $288,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of AMETEK by 127.2% during the 1st quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company’s stock worth $598,943,000 after buying an additional 1,947,831 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in AMETEK by 21.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company’s stock valued at $1,888,385,000 after acquiring an additional 1,908,742 shares during the period. Nuveen LLC acquired a new stake in AMETEK during the first quarter worth approximately $94,051,000. Goldman Sachs Group Inc. boosted its holdings in shares of AMETEK by 28.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,178,233 shares of the technology company’s stock worth $374,961,000 after acquiring an additional 484,803 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of AMETEK in the first quarter valued at approximately $72,872,000. Institutional investors own 87.43% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on AME shares. KeyCorp increased their price target on AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Mizuho increased their target price on AMETEK from $212.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Wall Street Zen raised AMETEK from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. DA Davidson increased their price objective on shares of AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Morgan Stanley boosted their target price on shares of AMETEK from $185.00 to $198.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.00.
AMETEK Stock Down 0.5%
Shares of NYSE:AME opened at $193.10 on Monday. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $204.15. The company has a market capitalization of $44.45 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. The business has a fifty day moving average price of $188.92 and a two-hundred day moving average price of $183.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04.
AMETEK (NYSE:AME – Get Free Report) last posted its earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $1.66 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. Analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.
AMETEK Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. AMETEK’s dividend payout ratio is presently 19.56%.
Insiders Place Their Bets
In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of AMETEK stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $200.05, for a total transaction of $5,259,314.50. Following the sale, the insider directly owned 40,226 shares of the company’s stock, valued at approximately $8,047,211.30. The trade was a 39.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.
About AMETEK
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
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