Ameriprise Financial Inc. Decreases Holdings in AMETEK, Inc. $AME

Key Points

• Ameriprise Financial Inc. has reduced its stake in AMETEK, Inc. by 4.9%, owning approximately 1.32 million shares valued at $227.72 million as of the end of the first quarter.
• AMETEK reported a quarterly earnings per share (EPS) of $1.78, surpassing analyst expectations and indicating a year-over-year revenue increase of 2.5%.
• The company has declared a quarterly dividend of $0.31 per share, indicating a 0.7% yield and a payout ratio of 19.97%.

Ameriprise Financial Inc. lessened its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,322,867 shares of the technology company's stock after selling 68,513 shares during the quarter. Ameriprise Financial Inc. owned about 0.57% of AMETEK worth $227,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DAVENPORT & Co LLC raised its stake in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after purchasing an additional 60 shares in the last quarter. Alps Advisors Inc. raised its stake in AMETEK by 1.0% in the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 60 shares in the last quarter. EWA LLC raised its stake in AMETEK by 4.9% during the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after acquiring an additional 65 shares in the last quarter. Buckhead Capital Management LLC raised its stake in AMETEK by 0.3% during the first quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock worth $3,930,000 after acquiring an additional 65 shares in the last quarter. Finally, Signaturefd LLC raised its stake in AMETEK by 1.5% during the first quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock worth $796,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AME shares. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Mizuho boosted their target price on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley boosted their target price on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Melius Research raised AMETEK to a "hold" rating in a research note on Monday, July 14th. Finally, KeyCorp boosted their price target on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $208.00.

AMETEK Stock Up 0.2%

Shares of NYSE:AME traded up $0.43 during trading on Thursday, reaching $186.98. 211,380 shares of the stock were exchanged, compared to its average volume of 1,365,278. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The stock has a fifty day moving average of $181.62 and a two-hundred day moving average of $177.09. The firm has a market cap of $43.18 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping 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 company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. AMETEK's revenue for the quarter 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. Research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a 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 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.