AMETEK, Inc. $AME Shares Acquired by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC increased its holdings in AMETEK, Inc. by 319.4% during the second quarter, acquiring a total of 7,859 shares, valued at approximately $1.42 million.
• AMETEK reported quarterly earnings of $1.78 per share, exceeding analysts' expectations and showing a 2.5% year-over-year revenue growth of $1.78 billion.
• The company announced a quarterly dividend of $0.31 per share, with an annualized yield of 0.7%, reflecting a payout ratio of 19.97%.

Pallas Capital Advisors LLC increased its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 319.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,859 shares of the technology company's stock after purchasing an additional 5,985 shares during the quarter. Pallas Capital Advisors LLC's holdings in AMETEK were worth $1,422,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Czech National Bank lifted its position in AMETEK by 6.2% in the second quarter. Czech National Bank now owns 56,435 shares of the technology company's stock valued at $10,212,000 after buying an additional 3,308 shares during the last quarter. Value Partners Investments Inc. boosted its position in shares of AMETEK by 12.6% during the second quarter. Value Partners Investments Inc. now owns 7,553 shares of the technology company's stock worth $1,364,000 after buying an additional 845 shares during the period. OMNI 360 Wealth Inc. purchased a new position in shares of AMETEK during the second quarter worth $230,000. RDA Financial Network lifted its stake in AMETEK by 81.1% during the 2nd quarter. RDA Financial Network now owns 2,390 shares of the technology company's stock worth $433,000 after acquiring an additional 1,070 shares in the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new position in AMETEK during the 1st quarter worth about $1,658,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Up 1.3%

AME opened at $188.60 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The business has a 50 day simple moving average of $183.74 and a 200-day simple moving average of $177.22. The stock has a market capitalization of $43.56 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.68 and a beta of 1.10. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly 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 net margin of 20.60% and a return on equity of 16.53%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the company posted $1.66 EPS. The business'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. On average, equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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 given a dividend of $0.31 per share. The ex-dividend date is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK's payout ratio is presently 19.97%.

Analyst Ratings Changes

Several research firms recently issued reports on AME. TD Cowen raised AMETEK from a "sell" rating to a "hold" rating and increased their target price for the stock from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Mizuho boosted their price objective on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" 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 price target for the company. in a research note on Monday, July 14th. Melius Research upgraded shares of AMETEK to a "hold" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada increased their target price on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.