AMETEK, Inc. $AME Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in AMETEK, Inc. by 57.2%, selling 114,605 shares in the first quarter, and now holds 85,688 shares valued at approximately $14.74 million.
• AMETEK's stock price reached $192.10, amid a 2.5% increase, and analysts have set a consensus price target of $205.00 with a "Moderate Buy" rating.
• The company recently declared a quarterly dividend of $0.31 per share, translating to an annualized yield of 0.6%.

Acadian Asset Management LLC trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 57.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,688 shares of the technology company's stock after selling 114,605 shares during the quarter. Acadian Asset Management LLC's holdings in AMETEK were worth $14,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AME. Bank Pictet & Cie Europe AG increased its position in shares of AMETEK by 23.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after purchasing an additional 34,866 shares during the last quarter. Focus Partners Wealth lifted its stake in AMETEK by 11.3% during the fourth quarter. Focus Partners Wealth now owns 8,865 shares of the technology company's stock worth $1,733,000 after purchasing an additional 902 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AMETEK by 40.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,598 shares of the technology company's stock worth $6,056,000 after purchasing an additional 9,622 shares during the last quarter. Numerai GP LLC purchased a new stake in AMETEK during the fourth quarter worth approximately $221,000. Finally, NorthRock Partners LLC acquired a new position in AMETEK during the fourth quarter worth approximately $244,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. KeyCorp lifted their price target on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Royal Bank Of Canada boosted their target price on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. Robert W. Baird boosted their target price on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a report on Monday, July 14th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $205.00.

AMETEK Price Performance

AME traded down $2.08 during trading on Friday, reaching $189.95. 813,138 shares of the stock were exchanged, compared to its average volume of 1,035,186. The business's 50 day moving average price is $183.25 and its two-hundred day moving average price is $177.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The company has a market capitalization of $43.87 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.73 and a beta of 1.10. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33.

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

AMETEK Announces Dividend

The business 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 yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's dividend payout ratio (DPR) is currently 19.97%.

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.