Nippon Life Global Investors Americas Inc. Decreases Stock Holdings in AMETEK, Inc. $AME

Key Points

• Nippon Life Global Investors Americas Inc. has reduced its stake in AMETEK, Inc. by 36.4%, owning 4,580 shares valued at $788,000 after selling 2,620 shares in the first quarter.
• Analysts have boosted their price targets for AMETEK, with consensus estimates ranging up to $225.00, reflecting a generally positive outlook on the stock.
• AMETEK declared a quarterly dividend of $0.31 per share, with a 0.7% yield, payable on September 30th to shareholders on record as of September 15th.

Nippon Life Global Investors Americas Inc. reduced its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,580 shares of the technology company's stock after selling 2,620 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in AMETEK were worth $788,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AME. Bares Capital Management Inc. purchased a new stake in AMETEK during the 1st quarter worth approximately $26,000. Olde Wealth Management LLC purchased a new stake in AMETEK during the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after buying an additional 71 shares during the period. Zions Bancorporation National Association UT purchased a new stake in AMETEK during the 1st quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in AMETEK during the 4th quarter worth approximately $43,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Mizuho upped their target price on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Melius downgraded shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Monday, July 14th. Royal Bank Of Canada increased their price objective on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Melius Research raised shares of AMETEK to a "hold" rating in a research report on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, AMETEK presently has an average rating of "Moderate Buy" and an average target price of $205.00.

AMETEK Stock Down 0.2%

Shares of NYSE AME traded down $0.46 during mid-day trading on Wednesday, reaching $187.03. The company had a trading volume of 281,726 shares, compared to its average volume of 1,350,077. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $182.87 and a two-hundred day simple moving average of $177.07. The stock has a market cap of $43.19 billion, a P/E ratio of 30.16, a PEG ratio of 2.71 and a beta of 1.10. 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 posted its 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 firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's 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.