Royal Bank of Canada Increases Stake in AMETEK, Inc. $AME

Key Points

• Royal Bank of Canada increased its stake in AMETEK, Inc. by 12.4%, holding 1,559,161 shares worth approximately $268.4 million as of the latest reporting period.
• AMETEK reported earnings of $1.78 per share, exceeding analysts' expectations, with a revenue of $1.78 billion for the quarter, marking a 2.5% year-over-year increase.
• The company announced a quarterly dividend of $0.31 per share, with an annualized yield of 0.7%, scheduled for payment on September 30th.

Royal Bank of Canada increased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,559,161 shares of the technology company's stock after acquiring an additional 171,491 shares during the quarter. Royal Bank of Canada owned approximately 0.68% of AMETEK worth $268,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in shares of AMETEK during the 1st quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after acquiring an additional 71 shares during the last quarter. Banque Transatlantique SA purchased a new stake in AMETEK in the 4th quarter valued at about $37,000. Zions Bancorporation National Association UT acquired a new position in AMETEK in the first quarter valued at about $42,000. Finally, Minot DeBlois Advisors LLC acquired a new position in AMETEK in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Trading Down 0.2%

NYSE:AME traded down $0.47 on Friday, reaching $187.41. 1,064,297 shares of the company's stock were exchanged, compared to its average volume of 1,036,038. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $43.28 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The business has a fifty day moving average of $182.63 and a 200-day moving average of $176.98. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued 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 company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business'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 firm earned $1.66 earnings per share. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. As a group, analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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

Analyst Ratings Changes

AME has been the topic of a number of recent analyst reports. TD Cowen raised shares of AMETEK from a "sell" rating to a "hold" rating and upped their target price for the company from $158.00 to $180.00 in a research report on Tuesday, September 2nd. Mizuho upped their target price on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley upped their target price on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. DA Davidson upped their target price on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Robert W. Baird upped their target price on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, AMETEK currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.45.

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.