Baird Financial Group Inc. Has $2.49 Million Position in AMETEK, Inc. $AME

Key Points

• Baird Financial Group Inc. reduced its stake in AMETEK, Inc. by 19.9%, selling 3,595 shares and owning a total of 14,461 shares valued at approximately $2.49 million by the end of the first quarter.
• The company announced a quarterly dividend of $0.31 per share, which will be paid on September 30th, reflecting an annual dividend yield of 0.7%.
0.2%, with a current market cap of approximately $43.28 billion and earnings per share of $1.78 for the last quarter, exceeding analyst expectations.

Baird Financial Group Inc. trimmed its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 19.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,461 shares of the technology company's stock after selling 3,595 shares during the period. Baird Financial Group Inc.'s holdings in AMETEK were worth $2,489,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AME. Vanguard Group Inc. boosted its holdings in shares of AMETEK by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 26,484,263 shares of the technology company's stock valued at $4,559,001,000 after purchasing an additional 336,491 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of AMETEK by 21.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company's stock worth $1,888,385,000 after acquiring an additional 1,908,742 shares during the period. JPMorgan Chase & Co. increased its position in shares of AMETEK by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 5,747,368 shares of the technology company's stock worth $989,352,000 after acquiring an additional 154,682 shares during the period. Flossbach Von Storch SE increased its holdings in AMETEK by 1.2% during the first quarter. Flossbach Von Storch SE now owns 3,770,066 shares of the technology company's stock valued at $648,979,000 after buying an additional 45,714 shares during the period. Finally, Invesco Ltd. increased its holdings in AMETEK by 127.2% during the first quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company's stock valued at $598,943,000 after buying an additional 1,947,831 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

NYSE AME traded down $2.08 during mid-day trading on Friday, hitting $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 52-week low of $145.02 and a 52-week high of $198.33. The company has a market cap of $43.87 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.76 and a beta of 1.10. The company has a 50 day simple moving average of $183.25 and a 200 day simple moving average of $177.21. 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 (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion for 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 quarter in the prior year, the firm earned $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. Equities analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on AME shares. Robert W. Baird lifted their price objective on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a report on Monday, July 14th. Morgan Stanley lifted their price objective on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. DA Davidson increased their target price on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, AMETEK currently 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.