AMETEK, Inc. $AME Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in AMETEK, Inc. by 28.6%, acquiring an additional 47,000 shares, bringing their total holdings to approximately 211,141 shares worth $36.3 million.
• AMETEK reported $1.78 earnings per share for the last quarter, exceeding analyst expectations and demonstrating a year-over-year revenue increase of 2.5% to $1.78 billion.
• The company announced a quarterly dividend of $0.31 per share, payable on September 30th, with a current dividend yield of 0.7% and a payout ratio of 19.97%.

Adage Capital Partners GP L.L.C. lifted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,141 shares of the technology company's stock after purchasing an additional 47,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of AMETEK worth $36,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bares Capital Management Inc. bought a new stake in shares of AMETEK in the 1st quarter valued at about $26,000. Olde Wealth Management LLC bought a new stake in AMETEK during the first quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after acquiring an additional 71 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in AMETEK during the fourth quarter worth about $43,000. Finally, Zions Bancorporation National Association UT bought a new position in AMETEK during the 1st quarter worth $42,000. Institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

NYSE:AME traded up $1.14 during trading hours on Monday, hitting $188.59. 1,635,375 shares of the stock were exchanged, compared to its average volume of 1,358,342. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average price is $182.63 and its 200 day moving average price is $176.98. The company has a market cap of $43.56 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.70 and a beta of 1.10. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $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 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.31 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's payout ratio is 19.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp increased their price target on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. TD Cowen raised AMETEK from a "sell" rating to a "hold" rating and upped their price target for the stock from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird increased 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, Mizuho upped their price target on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, AMETEK has an average rating of "Moderate Buy" and an average price target of $205.45.

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.