Connor Clark & Lunn Investment Management Ltd. Reduces Stock Holdings in AMETEK, Inc. $AME

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in AMETEK, Inc. by 74.3%, selling 7,911 shares and leaving it with 2,732 shares valued at approximately $470,000.
• Institutional investors hold a significant majority of AMETEK's stock, with ownership at 87.43%, while other firms like Banco Santander S.A. and M.D. Sass LLC have increased their holdings during the same period.
• AMETEK is experiencing positive financial performance, reporting quarterly earnings of $1.78 per share, surpassing expectations, and has declared a quarterly dividend of $0.31 per share to be paid on September 30th.

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 74.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,732 shares of the technology company's stock after selling 7,911 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in AMETEK were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AME. Olde Wealth Management LLC acquired a new position in shares of AMETEK during the first quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Banque Transatlantique SA purchased a new stake in AMETEK during the fourth quarter worth approximately $37,000. Zions Bancorporation National Association UT purchased a new stake in AMETEK during the first quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in AMETEK during the fourth quarter worth approximately $43,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AME has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Melius Research upgraded AMETEK to a "hold" rating in a research note on Monday, July 14th. 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 report on Friday, August 1st. Mizuho boosted their target price on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $208.00.

AMETEK Trading Down 0.5%

NYSE AME traded down $0.8530 during trading hours on Monday, hitting $186.0970. 24,331 shares of the company's stock were exchanged, compared to its average volume of 1,365,114. The business's 50 day moving average is $181.08 and its 200-day moving average is $176.95. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The firm has a market capitalization of $42.98 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business 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. As a group, analysts anticipate 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. Investors of record on Monday, September 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

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.