Fenimore Asset Management Inc Grows Stake in AMETEK, Inc. $AME

Key Points

• Fenimore Asset Management Inc increased its stake in AMETEK, Inc. by 30.7% in the second quarter, owning a total of 362,433 shares worth approximately $65.6 million.
• AMETEK has received a mix of analyst ratings, with eight analysts rating it as a "Buy" and six giving it a "Hold", reflecting a current average rating of "Moderate Buy" with a target price of $205.00.
• The company recently reported earnings of $1.78 per share, exceeding expectations, with revenue increasing by 2.5% year-over-year to $1.78 billion.

Fenimore Asset Management Inc boosted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 30.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 362,433 shares of the technology company's stock after purchasing an additional 85,062 shares during the quarter. AMETEK makes up approximately 1.3% of Fenimore Asset Management Inc's holdings, making the stock its 29th biggest position. Fenimore Asset Management Inc owned 0.16% of AMETEK worth $65,586,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AME. Banco Santander S.A. increased its holdings in shares of AMETEK by 20.8% in the first quarter. Banco Santander S.A. now owns 45,365 shares of the technology company's stock worth $7,809,000 after purchasing an additional 7,799 shares during the last quarter. M.D. Sass LLC lifted its position in AMETEK by 2.1% during the first quarter. M.D. Sass LLC now owns 366,994 shares of the technology company's stock valued at $63,174,000 after purchasing an additional 7,666 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of AMETEK by 0.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after buying an additional 60 shares during the last quarter. Raiffeisen Bank International AG raised its position in shares of AMETEK by 16.5% during the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company's stock valued at $7,607,000 after buying an additional 6,318 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of AMETEK in the 1st quarter valued at about $293,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AME. Weiss Ratings restated a "buy (b)" rating on shares of AMETEK in a research report on Saturday, September 27th. Mizuho increased their price target on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research note on Monday, July 14th. Melius Research raised shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Finally, TD Cowen upgraded shares of AMETEK from a "sell" rating to a "hold" rating and raised their target price for the stock from $158.00 to $180.00 in a report on Tuesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $205.00.

AMETEK Trading Down 1.3%

AME opened at $183.76 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average is $185.41 and its two-hundred day moving average is $177.76. The company has a market capitalization of $42.44 billion, a P/E ratio of 29.59, a PEG ratio of 2.64 and a beta of 1.11. 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 posted its quarterly earnings results 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. The business 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 business's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

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

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