Magnetar Financial LLC Boosts Holdings in AMETEK, Inc. $AME

Key Points

• Magnetar Financial LLC significantly increased its stake in AMETEK, Inc. by 759.8% in Q1, owning 67,044 shares valued at approximately $11.54 million by the end of the reporting period.
• Several analysts have updated their ratings for AMETEK, with Morgan Stanley increasing the price target from $185 to $198 and an average consensus price target now set at $208.
• AMETEK announced a quarterly dividend of $0.31 per share, representing an annualized dividend of $1.24 and a yield of 0.7%, with a payout ratio of about 19.97%.

Magnetar Financial LLC boosted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 759.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,044 shares of the technology company's stock after buying an additional 59,246 shares during the period. Magnetar Financial LLC's holdings in AMETEK were worth $11,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AME. Bank Pictet & Cie Europe AG boosted its position in shares of AMETEK by 23.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after purchasing an additional 34,866 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of AMETEK by 48.4% during the 4th quarter. Boothbay Fund Management LLC now owns 1,971 shares of the technology company's stock worth $355,000 after purchasing an additional 643 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of AMETEK by 13.2% during the 4th quarter. AQR Capital Management LLC now owns 91,600 shares of the technology company's stock worth $16,512,000 after purchasing an additional 10,677 shares in the last quarter. Utah Retirement Systems boosted its position in shares of AMETEK by 0.3% during the 4th quarter. Utah Retirement Systems now owns 38,270 shares of the technology company's stock worth $6,899,000 after purchasing an additional 100 shares in the last quarter. Finally, Voleon Capital Management LP bought a new position in shares of AMETEK during the 4th quarter worth about $1,498,000. Institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

AME has been the subject of several recent research reports. KeyCorp boosted their target price on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Melius downgraded shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research report on Monday, July 14th. Morgan Stanley boosted their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Robert W. Baird upped their price objective on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, DA Davidson upped their price objective on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $208.00.

AMETEK Stock Performance

AME traded down $2.02 during midday trading on Friday, reaching $184.71. The company had a trading volume of 809,674 shares, compared to its average volume of 1,182,539. 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 stock has a market cap of $42.66 billion, a PE ratio of 29.74, a P/E/G ratio of 2.66 and a beta of 1.10. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The business has a 50-day moving average price of $181.97 and a two-hundred day moving average price of $176.98.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. AMETEK's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, sell-side analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 is Monday, September 15th. AMETEK's dividend payout ratio is presently 19.97%.

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.