Drake & Associates LLC Increases Stock Position in AMETEK, Inc. $AME

Key Points

• Drake & Associates LLC boosted its stake in AMETEK, Inc. by 70% during the second quarter, acquiring a total of 15,422 shares valued at approximately $2.79 million.
• AMETEK's stock has seen a price target range of $180.00 to $225.00 as various analysts upgrade and downgrade their ratings, with a consensus rating of "Moderate Buy".
• The company reported $1.78 EPS in its latest quarterly earnings, surpassing analyst expectations, along with a 2.5% year-over-year revenue increase to $1.78 billion.

Drake & Associates LLC increased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 70.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,422 shares of the technology company's stock after buying an additional 6,351 shares during the period. AMETEK comprises approximately 0.7% of Drake & Associates LLC's holdings, making the stock its 26th biggest holding. Drake & Associates LLC's holdings in AMETEK were worth $2,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AME. DAVENPORT & Co LLC boosted its holdings in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after purchasing an additional 60 shares during the last quarter. Alps Advisors Inc. grew its position in shares of AMETEK by 1.0% during the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after buying an additional 60 shares in the last quarter. EWA LLC increased 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 worth $238,000 after buying an additional 65 shares during the last quarter. Buckhead Capital Management LLC raised its holdings in 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 acquiring an additional 65 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after acquiring an additional 67 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Cowen upgraded shares of AMETEK from a "sell" rating to a "hold" rating and upped their target price for the company from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Barclays started coverage on AMETEK in a research note on Wednesday, September 10th. They set an "equal weight" rating and a $200.00 price objective on the stock. Robert W. Baird lifted their target price on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Mizuho upped their price target on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Melius downgraded 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. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.00.

AMETEK Price Performance

Shares of AME opened at $183.19 on Tuesday. 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 company has a market cap of $42.31 billion, a P/E ratio of 29.50, a PEG ratio of 2.64 and a beta of 1.11. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The stock has a fifty day moving average price of $185.50 and a 200 day moving average price of $177.82.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly 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. 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 analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The company's quarterly revenue 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. On average, research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. AMETEK's payout ratio is 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.

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