AMETEK, Inc. $AME Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in AMETEK, Inc. by 115.4% during Q1, owning approximately $33.42 million worth of shares after acquiring an additional 105,403 shares.
• AMETEK reported earnings of $1.78 per share for the quarter, surpassing estimates and showing a 2.5% increase in revenue year over year.
• The company declared a quarterly dividend of $0.31, with an annualized yield of 0.7%, benefiting investors of record by September 15th.

Aberdeen Group plc grew its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 115.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,712 shares of the technology company's stock after purchasing an additional 105,403 shares during the quarter. Aberdeen Group plc owned approximately 0.09% of AMETEK worth $33,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. DAVENPORT & Co LLC increased its holdings in shares of AMETEK by 0.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after acquiring an additional 60 shares during the period. Alps Advisors Inc. increased its holdings in shares of AMETEK by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock valued at $1,078,000 after acquiring an additional 60 shares during the period. EWA LLC increased its holdings in shares of AMETEK by 4.9% in the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after acquiring an additional 65 shares during the period. Buckhead Capital Management LLC increased 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 period. Finally, Signaturefd LLC increased its holdings in shares of AMETEK by 1.5% in the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after acquiring an additional 67 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

AME traded up $2.5380 during trading hours on Tuesday, hitting $185.1580. 1,073,216 shares of the stock were exchanged, compared to its average volume of 1,454,758. The stock has a 50-day simple moving average of $180.76 and a 200-day simple moving average of $176.93. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The stock has a market cap of $42.76 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 2.63 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 (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the business posted $1.66 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's dividend payout ratio (DPR) is currently 19.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AME shares. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Monday, July 14th. Mizuho upped their price target on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Truist Financial upped their price target on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Robert W. Baird boosted their price objective on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, KeyCorp upped their price objective on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $208.00.

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.