Applied Finance Capital Management LLC Buys New Shares in AMETEK, Inc. $AME

Key Points

• Applied Finance Capital Management LLC has acquired a new stake in AMETEK, purchasing 5,263 shares valued at approximately $952,000 in the second quarter.
• AMETEK reported earnings per share of $1.78 for the last quarter, exceeding analysts' expectations of $1.69, and achieved a revenue of $1.78 billion.
• Several brokerages have raised their price targets on AMETEK, with Mizuho setting a new target of $225.00, indicating an optimistic outlook for the stock's performance.

Applied Finance Capital Management LLC bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,263 shares of the technology company's stock, valued at approximately $952,000.

A number of other hedge funds have also added to or reduced their stakes in the business. DAVENPORT & Co LLC grew its position in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after purchasing an additional 60 shares in the last quarter. Alps Advisors Inc. grew its position in AMETEK by 1.0% in the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 60 shares in the last quarter. EWA LLC lifted its stake in AMETEK by 4.9% in the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after acquiring an additional 65 shares during the last quarter. Buckhead Capital Management LLC lifted its stake in AMETEK by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after acquiring an additional 65 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in AMETEK by 1.5% in the first quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Stock Performance

NYSE AME opened at $185.66 on Friday. The firm has a 50-day moving average of $185.69 and a 200-day moving average of $178.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The stock has a market cap of $42.88 billion, a PE ratio of 29.90, a P/E/G ratio of 2.65 and a beta of 1.11. 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 earnings per share (EPS) 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 company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter 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, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.31 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's payout ratio is 19.97%.

Analysts Set New Price Targets

A number of brokerages have commented on AME. Mizuho increased their price target on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. DA Davidson increased their price target on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley increased their price target on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Melius Research upgraded shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Finally, KeyCorp increased their price target on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, AMETEK has a consensus rating of "Moderate Buy" and an average price target of $207.42.

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.

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