Ascent Group LLC Has $8.53 Million Stock Holdings in AMETEK, Inc. $AME

Key Points

• Ascent Group LLC reduced its stake in AMETEK, Inc. by 4.4%, now holding 47,134 shares valued at approximately $8.53 million.
• AMETEK reported $1.78 EPS in its latest quarterly earnings, surpassing estimates and showing a 2.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.31 per share, with a dividend yield of 0.7%, and a payout ratio of 19.97%.

Ascent Group LLC cut its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,134 shares of the technology company's stock after selling 2,169 shares during the period. Ascent Group LLC's holdings in AMETEK were worth $8,529,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bares Capital Management Inc. acquired a new position in shares of AMETEK during the 1st quarter worth about $26,000. ST Germain D J Co. Inc. increased its stake in shares of AMETEK by 628.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company's stock worth $28,000 after purchasing an additional 132 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of AMETEK during the 1st quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after buying an additional 71 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in AMETEK in the 1st quarter valued at about $42,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE AME opened at $183.76 on Friday. 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 company has a market capitalization of $42.44 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.68 and a beta of 1.11. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The firm has a 50-day moving average price of $185.41 and a two-hundred day moving average price of $177.74.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion during 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 business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous 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. Analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. AMETEK's dividend payout ratio is 19.97%.

Analysts Set New Price Targets

AME has been the topic of a number of research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of AMETEK in a research note on Saturday, September 27th. DA Davidson upped 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. 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 note on Monday, July 14th. Robert W. Baird upped their price target on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Finally, KeyCorp upped 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 equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of "Moderate Buy" and a consensus price target of $205.00.

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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