AMETEK, Inc. $AME Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. reduced its stake in AMETEK, Inc. by 34%, owning approximately 207,313 shares valued at $37.52 million.
• Wall Street analysts are generally optimistic about AMETEK, with a consensus rating of "Moderate Buy" and a target price of $205.00.
• AMETEK recently announced a quarterly dividend of $0.31, representing a yield of 0.7% with a low dividend payout ratio of 19.97%.

Assenagon Asset Management S.A. decreased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 34.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,313 shares of the technology company's stock after selling 106,636 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of AMETEK worth $37,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AME. DAVENPORT & Co LLC lifted its stake 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 worth $1,226,000 after purchasing an additional 60 shares during the last quarter. Alps Advisors Inc. lifted its stake 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 worth $1,078,000 after purchasing an additional 60 shares during the last quarter. EWA LLC lifted its stake in shares of 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 lifted its stake in shares of AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock worth $3,930,000 after purchasing an additional 65 shares during the last quarter. Finally, Signaturefd LLC lifted 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 worth $796,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Stock Performance

AME stock traded up $0.61 during trading on Monday, hitting $188.48. 748,441 shares of the company traded hands, compared to its average volume of 1,075,395. The stock's 50-day simple moving average is $183.88 and its 200 day simple moving average is $177.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The company has a market cap of $43.53 billion, a PE ratio of 30.35, a P/E/G ratio of 2.70 and a beta of 1.10. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.09. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.AMETEK's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $1.66 earnings per share. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, equities analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared 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. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's dividend payout ratio (DPR) is currently 19.97%.

Analyst Ratings Changes

AME has been the subject of a number of analyst reports. Mizuho upped their price objective on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Melius Research upgraded AMETEK to a "hold" rating in a research note on Monday, July 14th. DA Davidson increased their price target on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price target on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Melius cut AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research note on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of "Moderate Buy" and an average price target of $205.00.

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.