Comerica Bank Raises Holdings in AMETEK, Inc. $AME

Key Points

• Comerica Bank increased its holdings in AMETEK, Inc. by 16.1% in the first quarter, now owning 69,259 shares worth $11,922,000.
• Institutional investors currently hold 87.43% of AMETEK's stock, with several hedge funds also boosting their stakes in the company.
• AMETEK recently declared a quarterly dividend of $0.31 per share, with a dividend yield of 0.7%.

Comerica Bank increased its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 16.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 69,259 shares of the technology company's stock after buying an additional 9,584 shares during the quarter. Comerica Bank's holdings in AMETEK were worth $11,922,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. DAVENPORT & Co LLC raised its position in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after acquiring an additional 60 shares during the period. Alps Advisors Inc. raised its position in AMETEK by 1.0% in the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after acquiring an additional 60 shares during the period. EWA LLC raised its stake in shares of AMETEK by 4.9% in the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after buying an additional 65 shares during the period. Buckhead Capital Management LLC raised its stake in shares of AMETEK by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after buying an additional 65 shares during the period. Finally, Signaturefd LLC raised its stake in shares of AMETEK by 1.5% in the first 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 period. Institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AME. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research note on Monday, July 14th. Melius Research upgraded AMETEK to a "hold" rating in a research note on Monday, July 14th. Wall Street Zen upgraded 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 AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, KeyCorp boosted their target price on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, AMETEK currently has a consensus rating of "Hold" and a consensus price target of $208.00.

AMETEK Price Performance

NYSE AME traded down $2.02 during 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 capitalization 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 debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The firm has a fifty day moving average of $181.97 and a 200 day moving average of $177.03. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33.

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, topping 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 firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the business earned $1.66 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

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