AMETEK, Inc. $AME Shares Acquired by Ascent Group LLC

Key Points

• Ascent Group LLC increased its stake in AMETEK, Inc. by 49.9%, acquiring an additional 16,418 shares and bringing its total holdings to 49,303 shares valued at approximately $8.49 million.
• Several hedge funds also boosted their positions in AMETEK, with D. E. Shaw & Co. Inc. increasing its stake by an impressive 1,230.9% in the last quarter.
• AMETEK announced a quarterly dividend of $0.31 per share, representing an annualized dividend of $1.24 and a yield of 0.7%, payable on September 30th.

Ascent Group LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 49.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,303 shares of the technology company's stock after acquiring an additional 16,418 shares during the period. Ascent Group LLC's holdings in AMETEK were worth $8,487,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. DAVENPORT & Co LLC raised its holdings in shares of AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after buying an additional 60 shares during the period. Alps Advisors Inc. raised its holdings in shares of AMETEK by 1.0% during the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock valued at $1,078,000 after buying an additional 60 shares during the period. EWA LLC increased its holdings in AMETEK by 4.9% during the 1st 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 raised its position in shares of AMETEK by 0.3% in the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after purchasing an additional 65 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after buying 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 subject of a number of recent analyst reports. Morgan Stanley raised their price target 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. Melius Research raised shares of AMETEK to a "hold" rating in a research report on Monday, July 14th. DA Davidson raised their price target on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Barclays initiated coverage on shares of AMETEK in a research report on Wednesday. They set an "equal weight" rating and a $200.00 price target for the company. Finally, Robert W. Baird raised their price target on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and a consensus price target of $205.00.

AMETEK Stock Performance

Shares of NYSE AME traded down $2.08 during trading on Friday, reaching $189.95. The stock had a trading volume of 813,138 shares, compared to its average volume of 1,072,360. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. 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 $43.87 billion, a PE ratio of 30.59, a P/E/G ratio of 2.76 and a beta of 1.10. The firm's 50 day moving average price is $183.25 and its two-hundred day moving average price is $177.21.

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 return on equity of 16.53% and a net margin of 20.60%.The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $1.66 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. 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 forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK's payout ratio is currently 19.97%.

AMETEK 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.