Element Capital Management LLC Buys New Stake in AMETEK, Inc. $AME

Key Points

• Element Capital Management LLC acquired 15,422 shares of AMETEK, Inc. valued at approximately $2.7 million, reflecting growing institutional interest in the company.
• Several analysts have upgraded their price targets for AMETEK, with Mizuho raising their forecast to $225 and Royal Bank of Canada to $212, indicating a generally optimistic outlook.
• AMETEK reported better-than-expected earnings for the last quarter, with an EPS of $1.78, surpassing the consensus estimate of $1.69.

Element Capital Management LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,422 shares of the technology company's stock, valued at approximately $2,655,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AME. DAVENPORT & Co LLC lifted its holdings in shares of AMETEK by 0.8% during the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after purchasing an additional 60 shares during the period. Alps Advisors Inc. increased its holdings in AMETEK by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after buying an additional 60 shares during the period. EWA LLC raised its position in AMETEK by 4.9% during the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after buying an additional 65 shares during the last quarter. Buckhead Capital Management LLC boosted its holdings in shares of AMETEK by 0.3% in the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after acquiring an additional 65 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of AMETEK by 1.5% in the first quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock worth $796,000 after acquiring an additional 67 shares during the period. Institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

NYSE AME traded down $0.1970 during trading hours on Thursday, hitting $183.1430. 292,999 shares of the company's stock traded hands, compared to its average volume of 1,371,146. The company has a market capitalization of $42.30 billion, a PE ratio of 29.49, a PEG ratio of 2.67 and a beta of 1.10. 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, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The firm's 50-day moving average is $180.81 and its 200-day moving average is $176.97.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Equities analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

Analyst Upgrades and Downgrades

AME has been the subject of a number of research reports. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Robert W. Baird boosted their price objective on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Melius Research upgraded AMETEK to a "hold" rating in a research note on Monday, July 14th. Truist Financial lifted their price target on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $208.00.

AMETEK Profile

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.