State of New Jersey Common Pension Fund D Reduces Position in AMETEK, Inc. $AME

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in AMETEK, Inc. by 6.5%, selling 5,558 shares, which leaves it with 80,010 shares valued at approximately $13.77 million.
• Several large investors, including DAVENPORT & Co LLC and Signaturefd LLC, have renewed their investments in AMETEK, indicating continued confidence in the company's performance as institutional ownership stands at 87.43%.
• AMETEK recently declared a quarterly dividend of $0.31 per share, reflecting a 0.7% dividend yield and a payout ratio of nearly 20%.

State of New Jersey Common Pension Fund D trimmed its position in AMETEK, Inc. (NYSE:AME - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,010 shares of the technology company's stock after selling 5,558 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in AMETEK were worth $13,773,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Melius Research upgraded AMETEK to a "hold" rating in a research report on Monday, July 14th. Robert W. Baird lifted their target price on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Truist Financial boosted their target price on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research report on Monday, July 14th. Finally, Morgan Stanley upped their price objective 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. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, AMETEK has a consensus rating of "Hold" and an average target price of $208.00.

AMETEK Price Performance

Shares of NYSE AME traded down $2.0020 during trading on Wednesday, hitting $183.1980. The company had a trading volume of 873,997 shares, compared to its average volume of 1,378,238. The firm has a market capitalization of $42.31 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10. The stock has a fifty day simple moving average of $180.76 and a two-hundred day simple moving average of $176.93. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two 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 for the quarter, beating 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 firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $1.66 EPS. AMETEK's quarterly revenue was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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