Allianz Asset Management GmbH Reduces Stock Holdings in AMETEK, Inc. $AME

Allianz Asset Management GmbH cut its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,787 shares of the technology company's stock after selling 4,301 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of AMETEK worth $23,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bares Capital Management Inc. bought a new position in shares of AMETEK during the first quarter valued at $26,000. ST Germain D J Co. Inc. increased its holdings in AMETEK by 628.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company's stock worth $28,000 after buying an additional 132 shares in the last quarter. Olde Wealth Management LLC bought a new stake in AMETEK in the 1st quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after buying an additional 71 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in AMETEK in the 1st quarter worth about $42,000. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Up 0.6%

AME stock opened at $185.66 on Monday. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The stock has a market cap of $42.88 billion, a P/E ratio of 29.90, a PEG ratio of 2.66 and a beta of 1.11. The business's 50-day moving average price is $185.69 and its 200-day moving average price is $178.46.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating 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 firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the previous year, the firm earned $1.66 EPS. The business's quarterly revenue 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. On average, equities research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were 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 was Monday, September 15th. AMETEK's payout ratio is presently 19.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley lifted their price objective on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of AMETEK in a report on Wednesday, October 8th. KeyCorp raised their target price on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Truist Financial raised their target price on AMETEK from $219.00 to $229.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Finally, TD Cowen raised AMETEK from a "sell" rating to a "hold" rating and raised their target price for the stock from $158.00 to $180.00 in a research report on Tuesday, September 2nd. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.42.

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.

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