Caisse DE Depot ET Placement DU Quebec Boosts Holdings in AMETEK, Inc. $AME

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in AMETEK, Inc. by 158.3% through the acquisition of 250,423 shares, bringing its total ownership to 408,608 shares valued at approximately $70.3 million.
• AMETEK's stock recently reported earnings per share (EPS) of $1.78, exceeding analysts' expectations of $1.69, and the company had a revenue of $1.78 billion for the quarter, reflecting a 2.5% year-over-year increase.
• The firm announced a quarterly dividend of $0.31 per share, set to be paid on September 30th, with a dividend yield of 0.7% and a payout ratio of 19.97%.

Caisse DE Depot ET Placement DU Quebec grew its position in AMETEK, Inc. (NYSE:AME - Free Report) by 158.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 408,608 shares of the technology company's stock after acquiring an additional 250,423 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.18% of AMETEK worth $70,338,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of AMETEK by 1.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,789,871 shares of the technology company's stock worth $308,108,000 after acquiring an additional 28,559 shares during the period. Comerica Bank increased its stake in shares of AMETEK by 16.1% during the first quarter. Comerica Bank now owns 69,259 shares of the technology company's stock worth $11,922,000 after purchasing an additional 9,584 shares in the last quarter. Walleye Capital LLC increased its stake in shares of AMETEK by 64.4% during the first quarter. Walleye Capital LLC now owns 3,695 shares of the technology company's stock worth $636,000 after purchasing an additional 1,447 shares in the last quarter. ICONIQ Capital LLC increased its stake in shares of AMETEK by 24.1% during the first quarter. ICONIQ Capital LLC now owns 1,478 shares of the technology company's stock worth $254,000 after purchasing an additional 287 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of AMETEK by 462.4% during the first quarter. Jump Financial LLC now owns 70,256 shares of the technology company's stock worth $12,094,000 after purchasing an additional 57,763 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Price Performance

AME stock traded down $2.02 during mid-day trading on Friday, reaching $184.71. The company's stock had a trading volume of 809,674 shares, compared to its average volume of 1,228,306. The stock has a market cap of $42.66 billion, a PE ratio of 29.74, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company's 50 day moving average is $181.97 and its two-hundred day moving average is $177.03.

AMETEK (NYSE:AME - Get Free Report) last posted 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. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the prior year, the company posted $1.66 EPS. The business's revenue for the quarter 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. Equities research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AME. Morgan Stanley boosted their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada boosted their target price on shares of AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. KeyCorp boosted their target price on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Robert W. Baird upped their price objective 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. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $208.00.

AMETEK Company 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.