American Century Companies Inc. Lowers Stake in AMETEK, Inc. $AME

Key Points

• American Century Companies Inc. reduced its stake in AMETEK, Inc. by 5.9%, holding approximately $182.20 million in the company's stock after selling 66,658 shares in the first quarter.
• Several major institutional investors, including Vanguard Group Inc. and Capital World Investors, have increased their stakes significantly in AMETEK, with institutional investors now owning 87.43% of the company's stock.
• AMETEK reported earnings of $1.78 per share, beating expectations, and announced a quarterly dividend of $0.31 per share, which reflects a 0.7% dividend yield.

American Century Companies Inc. decreased its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,058,410 shares of the technology company's stock after selling 66,658 shares during the period. American Century Companies Inc. owned 0.46% of AMETEK worth $182,195,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Capital World Investors boosted its stake in AMETEK by 70.0% during the 4th quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock worth $1,038,301,000 after purchasing an additional 2,371,062 shares during the period. Invesco Ltd. boosted its stake in AMETEK by 127.2% during the 1st quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company's stock worth $598,943,000 after purchasing an additional 1,947,831 shares during the period. Lazard Asset Management LLC boosted its stake in AMETEK by 393.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,215,087 shares of the technology company's stock worth $219,030,000 after purchasing an additional 968,661 shares during the period. GAMMA Investing LLC boosted its stake in AMETEK by 18,368.3% during the 1st quarter. GAMMA Investing LLC now owns 973,280 shares of the technology company's stock worth $167,540,000 after purchasing an additional 968,010 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new stake in AMETEK during the 1st quarter worth $113,317,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Price Performance

Shares of NYSE AME traded up $0.0370 during midday trading on Thursday, hitting $183.3770. The company had a trading volume of 345,241 shares, compared to its average volume of 1,371,487. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The business has a 50-day simple moving average of $180.81 and a two-hundred day simple moving average of $176.97. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 2.67 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last announced 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. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Equities research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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

Wall Street Analysts Forecast Growth

AME has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Truist Financial increased 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. Melius Research raised shares of AMETEK to a "hold" rating in a report on Monday, July 14th. Morgan Stanley lifted their target price on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Finally, DA Davidson lifted their target price on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, AMETEK has an average rating of "Hold" and an average target price of $208.00.

AMETEK Company 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.