Cramer Rosenthal Mcglynn LLC Sells 6,966 Shares of AMETEK, Inc. $AME

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in AMETEK by 9.8% in Q1, selling 6,966 shares and retaining 64,438 shares valued at approximately $11.1 million.
• AMETEK's quarterly earnings exceeded analysts' expectations with EPS of $1.78, and the company also recently declared a quarterly dividend of $0.31 per share.
• Equities analysts have generally optimistic projections for AMETEK, with a consensus price target of $208.00 and several analysts rating the stock as a "Buy."

Cramer Rosenthal Mcglynn LLC trimmed its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,438 shares of the technology company's stock after selling 6,966 shares during the quarter. Cramer Rosenthal Mcglynn LLC's holdings in AMETEK were worth $11,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of AMETEK by 158.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 408,608 shares of the technology company's stock worth $70,338,000 after purchasing an additional 250,423 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of AMETEK by 1.6% during 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 raised its holdings 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 acquiring an additional 9,584 shares during the period. Walleye Capital LLC raised its holdings 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 acquiring an additional 1,447 shares during the period. Finally, ICONIQ Capital LLC raised its holdings 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 acquiring an additional 287 shares during the period. 87.43% of the stock is owned by institutional investors.

AMETEK Stock Performance

Shares of AME stock traded down $2.02 during midday trading on Friday, hitting $184.71. 809,674 shares of the company were exchanged, compared to its average volume of 1,365,827. The firm has a market capitalization of $42.66 billion, a P/E ratio of 29.74, a PEG 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. The firm's 50 day moving average price is $181.81 and its two-hundred day moving average price is $177.10. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33.

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, topping the consensus estimate of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. AMETEK's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, equities research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AME. KeyCorp raised their price objective on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Mizuho lifted their price target on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. DA Davidson lifted their price target on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price target on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.