AlphaQuest LLC Raises Stock Holdings in AMETEK, Inc. $AME

Key Points

• AlphaQuest LLC has increased its stake in AMETEK, Inc. by 60.8%, now holding a total of 11,307 shares worth approximately $1.95 million.
• AMETEK has announced a quarterly dividend of $0.31 per share, with an ex-dividend date of September 15th, reflecting an annualized yield of 0.7%.
• The company reported a Q2 EPS of $1.78, exceeding analyst expectations and demonstrating a year-over-year revenue increase of 2.5% to $1.78 billion.

AlphaQuest LLC grew its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 60.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,307 shares of the technology company's stock after acquiring an additional 4,275 shares during the period. AlphaQuest LLC's holdings in AMETEK were worth $1,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allstate Corp grew its holdings in AMETEK by 13.5% during the first quarter. Allstate Corp now owns 7,827 shares of the technology company's stock valued at $1,347,000 after purchasing an additional 929 shares during the period. Compound Planning Inc. purchased a new position in AMETEK during the first quarter valued at approximately $238,000. Norinchukin Bank The boosted its position in shares of AMETEK by 15.8% in the first quarter. Norinchukin Bank The now owns 12,503 shares of the technology company's stock worth $2,152,000 after purchasing an additional 1,710 shares during the period. CW Advisors LLC increased its stake in shares of AMETEK by 0.8% in the first quarter. CW Advisors LLC now owns 12,506 shares of the technology company's stock worth $2,153,000 after purchasing an additional 105 shares in the last quarter. Finally, Summit Financial LLC raised its position in shares of AMETEK by 2.6% during the 1st quarter. Summit Financial LLC now owns 3,451 shares of the technology company's stock valued at $594,000 after purchasing an additional 89 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AME. DA Davidson increased their price target on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Melius Research upgraded AMETEK to a "hold" rating in a research report on Monday, July 14th. Truist Financial lifted their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Morgan Stanley upped their price target on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Finally, Mizuho lifted their price objective on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of "Hold" and a consensus price target of $208.00.

AMETEK Price Performance

Shares of AME traded down $0.04 during mid-day trading on Wednesday, hitting $186.74. 1,059,228 shares of the stock were exchanged, compared to its average volume of 1,370,813. The firm has a 50-day moving average of $181.44 and a two-hundred day moving average of $177.02. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The company has a market cap of $43.13 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.67 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating 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 net margin of 20.60% and a return on equity of 16.53%. AMETEK's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

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