EdgePoint Investment Group Inc. Purchases 102,542 Shares of AMETEK, Inc. $AME

Key Points

• EdgePoint Investment Group Inc. increased its stake in AMETEK, Inc. by 4.6%, owning over 2.35 million shares and making AMETEK the firm's 15th largest holding.
• Several institutional investors, including DAVENPORT & Co LLC and Alps Advisors Inc., have also boosted their stakes in AMETEK, which is now 87.43% owned by institutional investors.
• Analysts have raised their price targets for AMETEK, with DA Davidson increasing it to $215, while the consensus rating is a "Moderate Buy" with an average target of $205.45.

EdgePoint Investment Group Inc. raised its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,353,339 shares of the technology company's stock after purchasing an additional 102,542 shares during the quarter. AMETEK makes up 3.3% of EdgePoint Investment Group Inc.'s holdings, making the stock its 15th biggest position. EdgePoint Investment Group Inc. owned about 1.02% of AMETEK worth $405,104,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AME. DAVENPORT & Co LLC raised its stake in AMETEK by 0.8% during the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after acquiring an additional 60 shares in the last quarter. Alps Advisors Inc. raised its stake in AMETEK by 1.0% during the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after acquiring an additional 60 shares in the last quarter. EWA LLC grew its holdings in shares of 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 purchasing an additional 65 shares during the last quarter. Buckhead Capital Management LLC grew its holdings in shares of 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 purchasing an additional 65 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of 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 purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Analysts Set New Price Targets

AME has been the topic of several research reports. Robert W. Baird boosted their price target on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Royal Bank Of Canada boosted their price target on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Mizuho boosted their price target on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and an average price target of $205.45.

AMETEK Trading Up 0.6%

NYSE:AME traded up $1.14 on Monday, reaching $188.59. 1,635,375 shares of the stock traded hands, compared to its average volume of 1,358,881. The firm has a market capitalization of $43.56 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company's 50 day moving average is $182.63 and its 200-day moving average is $176.98. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities research analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared 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 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.